From: Jeevacation <jeevacation@gmail.com> Sent: Monday, November 22, 2010 2:28 PM To: Paul S Barrett Subject: Re: SPX Ok Sorry for all the typos .Sent=from my i Phone On Nov 22, 2010, at 10:02 AM, Paul S Barrett > wrote: Jeffrey <= class="MsoNormal">We had the short SP500 1170 call option ex=rcise against us on Friday (this was sold against the SP500 Market Plus Not=). So we are short the SP from 1170. Net of premium we are around breakeven=(at current 5P500 futures exactly at breakeven). I think we take it off. I w=nt to maintain naked SP500 upside exposure via the structure. Please let me know. Thanks Pau<=o:p> <=p> Paul Barrett, CFA EFTA_R1_00128264 EFTA01794240 <=div> This email is confidential and subject to important disclaimers and conditio=s including on offers for the purchase or sale of securities, accuracy and c=mpleteness of information, viruses, confidentiality, legal privilege, and l=gal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosures/email <http://www.jpmorgan.com/pag=s/disdosures/email> . = 2 EFTA_R1_00128265 EFTA01794241