Epstein Secrets

isk reversal vs short IBOXX HY TRS . : _ 30-May-17 1.17% with equal notional sizing 6.9% (FB), 1.2% (AMZN), Buy 6m ATM calls on FB, AMZN, NFLX and GOOGL 30-May-17 9.40% 1/0 (NFLX), 6.2% (GOOGL) Buy a 6m outperformance call on FANG stocks vs. SPX conditional on SPX> current levels at expiry Buy HSI

c-17 expiry 6m Sep-17 expiry Rationale Buy EEM puts financed by a basket of EM puts to lever near record low correl Hedge the China tech bubble; Tencent unlikely to stand still after a 45% rally YTD Hedge the upside into MSCI announcement on 20-Jun Fundamental case to be long EU equities remains int

A00670360 2 founders better ability to attract talent 5. Partner with the best Fun halo, no darkness to the brand Have partnered with SBUX, DIS, GOOGL / Waymo, key airlines (DAL, LUV, JBLU), TMUS, HTZ, GM, Jaguar / Land rover What about autonomous? Human Drivers = today Human Self-driving = next

Rides per passenger Completed rides Contrib margin - EBITDA Top-tier investors - KKR, AB, PSP, Baillie Gifford - GM, Jaguar, Rakuten, BABA, Tencent - Janus, Coatue, Fortress Metrics - Have more than doubled # of active passengers this yr - And freq incr'd by DD %'s Passenger churn When h

d vol & skew Market may trade on Buy EEM puts financed by a basket of EM puts to lever near record low correl Hedge a potential China tech bubble; Tencent potentially volatile after a 45% rally YTD Hedge the upside into MSCI announcement on 20-Jun Fundamental case to be long EU equities remains intact

GE BREAK --- Table 9: Summary of open trades as of 19-Jun-17 Open Open __ Expected Date Level Trade Term 6.9% (FB), 1.2% (AMZN), 9.4% (NFLX), 6.2% (GOOGL) Trade Description Rationale Buy 6m ATM calls on FB, AMZN, NFLX and GOOGL 30-May-17 Stock replace FANG stocks Buy a 6m outperformance call on FANG