From: Daniel Sabba < Sent: Wednesday, February 11, 2015 10:58 PM To: jeffrey E. Subject: RE: Follow-up stock screen for Twitter-style trade [C] Classification: Confidential You are right. DB's=research analyst has had the wrong call so far. <=p> But we didn't propo=e the screen below based on buy ratings, but on whether the name was cover=d by DB's research analysts... In fact some names have Hold rati=gs. <=p) jeffrey E. [mailto:[email protected]] Sent: Wednesday, February 11, 2015 10:49 PM To: Daniel Sabba Subject: Re: Follow-up stock screen for Twitter-style trade [C]=/o:p> am i missing someting or has DB recommended fc= all the way down to 50 percent of its value. ??? On Wed, Feb 11, 2015 at 6:43 PM, Daniel Sabba < Classification: Confidential Jeffrey — is this what you are lo=king for? Let us know if you would like the past research reports. Daniel (Note: Pricing as of close 02/091=015) As demonstrated below, all 5 name= remained in a narrow band for the earlier part of 2014. EFTA_R1_01643021 EFTA02511040

In the latter months of the year,=FCX, BAC and FITB saw a significant increase in implied volatility, most rptably Freeport-McMoRan (FCX). (Note: Pricing as of close 02/091=015) (*Premium (%) = Bid/Price (Sh.))=/span> Regards, Daniel<=o:p> <=o:p> This communication may contain confidential and/or privileged information. 4 you are not the intended recipient (or have received this communication =n error) please notify the sender immediately and destroy this communicati=n. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidde=. Deutsche Bank does not render legal or tax advice, and the information cont=ined in this communication should not be regarded as such. please note<=p> 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 JEE 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 [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This communication may contain confidential and/or privileged information. =f you are not the intended recipient (or have received this communication =n error) please notify the sender immediately and destroy this communicati=n. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidde=. Deutsche Bank does not render legal or tax advice, and the information cont=ined in this communication should not be regarded as such. 2 EFTA_R1_01643022 EFTA02511041

please no=e 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 JEE 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 [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This communication may contain confidential and/or privileged information. =f you are not the intended recipient (or have received this communication =n error) please notify the sender immediately and destroy this communicati=n. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidde=. Deutsche Bank does not render legal or tax advice, and the information cont=ined in this communication should not be regarded as such. 3 EFTA_R1_01643023 EFTA02511042