From: Barrett, Paul S Sent: Tuesday, March 8, 2011 4:54 PM To: Epstein, Jeffrey (eevacation@gmail.com) Cc: Giuffrida, David Subject: Oil and SW Hi Jeffrey=o:p> What are your thoughts on oil? We still own 50,000 of the 100 calls=expiring in June and 50,000 of the 92/100 call spread. My sense is we si= tight given the risk of higher oil prices on the rest of our positions.=o:p> On a separate note I think we should add another 5MM to SGD this we=k. I would like to get in around 1.2700. Can I take an order?c/=:p> =hanks Paul Pa=I Barrett, CFA Managing Director=/o:p> Global Investment Opportunities Group=/o:p> JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019=/span> =/p> EFTA_R1_00094994 EFTA01778466 This email is confidential and subject to important di=claimers and conditions including on offers for the purchase or sale of se=urities, accuracy and completeness of information, viruses, confidentialit=, legal privilege, and legal entity disclaimers, available at http://www=2Ejpmorgan.com/pages/disclosures/email. 2 EFTA_R1_00094995 EFTA01778467