EFTA01461207

From: Sent: To: CC: Tazia Smith Subject: Re: GBP + AAPL [C] Attachments: pic17092.gif; pic31984.gif Paul Morris 12/5/20131:36611 Vahe Stepanian Classification: confidential I'm traveling send out if feel good about it thx Original Message From: Vahe Stepanian Sent: 12/05/2013 01:00 PM EST To: Paul Morris Cc: Tazia Smith subject: Fw: GBP + AAPL [C] Classification: Confidential Paul - would like to send JE the below as a follow up to Tuesday. If he wants to write calls vs. AAP1, think now is an opportune time. Let me know what you think Thanks, vahe Good Afternoon Jeffrey - following up Tuesday's email (included below): 1) WSJ has reported that AAPL has signed a deal w/China mobile, providing it a boost in the world's largest mobile market. Shares have reacted, reaching a new 52 wk. high 0 —5572 (vs. 5565.00 close yesterday) on the back of the report. Consider selling Jan 595 or 600 Calls (currently $12.20 and 510.70 bid, respectively). 2) we believe the GBP trade is still relevant ahead of payrolls tomorrow. ADP came in ahead of street expectations yesterday (215k vs. 170k expected; revised October +54k), and street is calling for headline number of +185k tomorrow morning. GBP is currently -4..6350 (vs. uSD), but is bouncing around today and we'd look to enter trade on additional GBP strength. Thank you, Forwarded by Vahe stepanian/db/dbcom on 12/05/2013 08:50 AM From: vahe Stepanian/db/dbcom To: Cc: aul Morris/db Date: 12/03/2013 10:20 AM Subject: GBP + AAPL [C] Classification: Confidential Good Morning Jeffrey, Hope you had a great holiday weekend. As you have likely seen, GBP is CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 123095 CONFIDENTIAL SDNY_GM_00269279 EFTA01461207