From: Ens, Amanda Sent: Monday, May 8, 2017 3:09 PM To: Richard Kahn Cc: Jeffrey E. Subject: RE: AAPL Rich, per our conversation, $1.25 is too far below bid-side to work; market was $1.30 x $1.45 on the spread. Would likely need the stock to pullback at least a couple dollars to get there. Happy to wait and see if you'd like. Regards, Amanda Amanda Ens Director Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park, 5th Floor, New York, NY 10036 From: Ens, Amanda Sent: Monday, Ma 08 2017 10:07 AM To: 'Richard Kahn' Subject: RE: AAPL Ref 150.30 @ $1.45 gross 1 EFTA_R1_01890956 EFTA02650478

Regards, Amanda From: Richard Kah Sent: Monday, May 08, 2017 9:50 AM To: Ens, Amanda Subject: Re: AAPL can you please refresh this quote thanks Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 On May 8, 2017, at 9:18 AM, Ens, Amand wrote: Rich, Indicatively, rolling the May 19th $150 calls into June 16th $150 calls costs @ $1.41 (gross, before commission) Ref 149.13 (where stock is trading pre mkt) 2 EFTA_R1_01890957 EFTA02650479

7% delta OTC Regards, Amanda Amanda Ens Director Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park, 5th Floor, New York, NY 10036 <image002.jpg> From: Richard Kahu Sent: Friday, May 05, 2017 4:44 PM To: Ens, Amanda Subject: AAPL monday am can you please look into rolling May 19th 150 calls into June 16th 150 calls thanks Richard Kahn 3 EFTA_R1_01890958 EFTA02650480

HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.bankofamerica.com/emaildisclaimer. If you are not the intended recipient, please delete this message. This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.bankofamerica.com/emaildisclaimer. If you are not the intended recipient, please delete this message. 4 EFTA_R1_01890959 EFTA02650481