From: jeffrey E. <[email protected]> Sent: Friday, February 2, 2018 7:25 PM To: Mark Epstein Subject: Re: ? you can short energy etf . buy inverse but puts on s=em energy stocks. etc On Fri, Feb 2, 2018 at 1:25 PM, Mark L. Epstein < Hunch is not sto=k specific just the oil and gas sector in general. <mailto > wrote: <=pan style="font-size:11.0pt;font-family:"Calibri",sans-seritc=lor:#1f497d"> =span style="font-size:11.0ptfont-family:"Calibri",sans-serir=From: jeffrey E. [[email protected] <mailto:[email protected]=m> Sent: Friday, F=bruary 02, 2018 1:23 PM To: Mark Epstein < <mailto > > Sub=ect: Re: ? li> if your hunch is stock specific4> k you can also buy slightly out of the money puts. 40. for ex stock at 48 you can buy april 45 puts.Q if you think quickly or july if longer On F=i, Feb 2, 2018 at 1:21 PM, Mark L. Epstein < <mailto wrote:<=u> Any to recommend? <= class="MsoNormal">Let's say I have a hunch. =/u> From: jeffrey E. [mai=to:jeevacation@=mail.com <mailto:[email protected]> Sent: Friday, February 02, 2018 1:16 PM To:=/b> Mark Epstein < <mailto > > Subject: Re: ?</=> it goes up when sector goes down > > 1 EFTA_R1_01677555 EFTA02533372

On Fri, =eb 2, 2018 at 1:14 PM, Mark L. Epstein < <mailto > wrote:<=p> 'I=verse etf' means what? From: Jeffrey E. [mailto:[email protected] <mailto:[email protected]> ] Sent:</=> Friday, February O2, 2O18 1:13 PM To: Mark Epstein < =; Subject: Re: ? 4, inverse etf on en=rgy secotr On Fri, Feb 2, 2O18 at 1:00 PM, Mar= L. Epstein < <mailto > wrote: =p class="MsoNormar>lf I wanted to invest with the anticipation of the e=ergy sector (oil and gas) going down, what would be some good alternatives= <=blockquote> <1=> 40 please note Th= information contained in this communication is confidential, may be at=orney-client privileged, may constitute inside information, and is inte=ded only for the use of the addressee. It is the property of JEE =nauthorized use, disclosure or copying of this communication or any par= thereof is strictly prohibited and may be unlawful. If you have receiv=d this communication in error, please notify us immediately by retur= e-mail or by e-mail to please note <mailto:[email protected]> The information contained in this comm=nication is confidential, may be attorney-client privileged, may con=titute inside information, and is intended only for the use of the addr=ssee. It is the property of JEE Unauthorized use, disclosure or copy=ng of this communication or any part thereof is strictly prohibited =nd may be unlawful. If you have received this 2 EFTA_R1_01677556 EFTA02533373

communication in error, p=ease notify us immediately by return e-mail or by e-mail to [email protected], =nd destroy this communication and all copies thereof, including all =ttachments. copyright -all rights reserved </=iv> <=iv class="gmail_signature" data-smartmail="gmail_signature"> please note The=information contained in this communication is confidential, may be att=rney-client privileged, may constitute inside information, and is inten=ed only for the use of the addressee. It is the property of JEE U=authorized use, disclosure or copying of this communication or any part=thereof is strictly prohibited and may be unlawful. If you have receive= this communication in error, please notify us immediately by return=e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and al= copies thereof, including all attachments. copyright -all rights reser=ed --94eb2c032c8235dbe605643facdc-- conversation-id 16696 date-last-viewed 0 date-received 1517599518 flags 8590195713 gmail-label-ids 7 6 remote-id 792093 3 EFTA_R1_01677557 EFTA02533374