From: Tazia Smith To: "jeffrey epstein" <jeevacation®gmail.com>, Paul Morris Subject: Re: Depressed options volatility makes 'Renmimbi weaker' hedges very cheap I KCP Capital Markets [C] Date: The, 28 Jan 2014 17:40:19 +0000 Importance: Normal Inline-Images: unnamed Classificati

1/28/2014 12:24:03 PM To: [email protected] CC: Paul Morris Vinit Sahni Nav Gupta Stepanian Subject: Depressed options volatility makes 'Renmimbi weaker' hedges very cheap I KCP Capital Markets [II Classification: For internal use only Jeffrey - Vahe Curious for your view on China. We're co

Subject: Depressed options volatility makes 'Renmimbi weaker' hedges very cheap I KCP Capital Markets [I] From: Tazia Smith sz: > Date: Tue, 28 Jan 2014 12:24:03 -0500 To: [email protected] Cc:

Subject: Depressed options volatility makes 'Renmimbi weaker' hedges very cheap I KCP Capital Markets [I] From: Tazia Smith sz: > Date: Tue, 28 Jan 2014 12:24:02 -0500 To: [email protected] Cc:

From: Paul . 1s ) Sent: 1/28/2014 1:02:52 PM To: [email protected] Subject: Re: Depressed options volatility makes 'Renmimbi weaker' hedges very cheap I KCP Capital Markets [C] Classification: Confidential Classification: For internal use only don't be, these are very co

ey Epstein ([email protected]] Sent: 1/28/2014 12:27:48 PM To: Tazia Smith I; Paul Morris Subject: Re: Depressed options volatility makes 'Renmimbi weaker' hedges very cheap I KCP Capital Markets III sorry, questions about what do you think about china , are silly„„„„, lets pick a trade , have s

zia Smith Sent: 1/28/2014 12:40:19 PM To: jeffrey epstein [email protected]; Paul Morris Subject: Re: Depressed options volatility makes 'Renmimbi weaker' hedges very cheap I KCP Capital Markets IC) Classification: Confidential Understood. Jeffrey. long USDCNH calls was the trade. taking the o