From. Jeffrey Epstein akteyacaeonnemaitcom> To. Tazia Smit Date. 03/14/2014 12:29 PM Subject: Re: Zero Cost Wfl Collar 101/94.25. Jun spot ref 97.60111 we should extend out the strikes 110 88 etc On Fri, Mar 14, 2014 at 12: 1 I PM, Tazia Smith wrote: Classification: For internal use only Jeffrey - Current indicative offer on the same June14 zero cost is 101/94.25 WTI Jun14 You buy call, strike 101 You sell put, strike X 100 lots on each leg Costless package Both legs knock out if WTI Jun14 setttles below $20/bbl on any day during the trade Jun14 ref 97.60 X=94.25 Initial Margin: 13% From. Taira Smita To. jeveacationeemaireem. Cc: Vinit Sahni Nay Gupti . Paul Morns. Vaho Stopania Date: 00/14201410.07 AM Subject: Zero Cost WTI Collar 101/94.5. spot ref 97.75111 Classification: For internal use only Good Morning Jeffrey - Crude ticking up this AM as you know, you can add to your risk reversal with the same 101 strike call with a 94.50 indicative sold put (vs. your 93.50 yesterday. Let us know: WTI Jun14 You buy call, strike 101 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 110805 CONFIDENTIAL SDNY_GM_00256989 EFTA01453282