To: jeevacationtkimail.com[jeevacation@gmail.com]; Jeffrey Epstein[jeevacation@gmail.com] From: Paul S Barrett Sent: Thur 12/9/2010 4:25:43 PM Subject: RE: Oil 90.85 on the 7Th of Dec Range has been 80 -90.85 over the past 30days Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 From: Jeffrey Epstein [mailto:jeevacation@gmail.com] Sent: Thursday, December 09, 2010 11:23 AM To: Paul S Barrett Subject: Re: Oil how high did it get in the past two weeks„ On Thu, Dec 9, 2010 at 11.06 AM, Paul S Barrett e > wrote: We can sell the 90 oil call that expires next week for 30,000. Was cashless upfront. New risk reversal would be: EFTA_R1_00553023 EFTA02038821 Aug2011 contract 100 Call 81.25 Put Or 105 Call 77.25 Put Both cashless I like the 1" strategy Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, EFTA_R1_00553024 EFTA02038822 confidentiality, legal privilege, and legal entity disclaimers, available at http://www.ipmorgan.com/pages/disclosures/email. The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. EFTA_R1_00553025 EFTA02038823