EFTA02378831

From: Barrett, Paul S IM= Sent: Friday, May 17, 2013 12:39 PM To: Jeffrey Epstein ([email protected]) Cc: Barrett Pod Subject: Energy Options =OD Jeffrey =p class="MsoNormal"> Op=ions look expensive. But my top picks remain Cabot, Tesoro, Holly and Sc=lumberger. c=p> Continental Resources (CLR) — using $84.80 =OA &=bsp; Dec 21, 2013 expiry &n=sp; 85.00 strike calls &n=sp; $8=2E50 (break-even 93.30) &n=sp; &=bsp; &nb=p; =nbsp; 90.00 strike calls =nbsp; $6.20 &=bsp; (break- even 96.20) =nbsp; Cabot Oil and Gas (COG) — using $68.25 &nbs=; Oct 19, 2013 expiry = 70.00 strike calls = &n=sp; $5.70 (break-even 75.70)<=p &=bsp; &nbs=; =nbsp; &nb=p; = 75.00 strike calls = $3.70 =nbsp; (break-even 78.70) Tesoro (TSO) R=1; using 56.65 &n=sp; = Nov 16, 2013 expiry 60.=0 strike calls =nbsp; $5.30 (break-even =5.30) = &n=sp; = &=bsp; &nb=p; 65.00 strike calls &nb=p; =nbsp; $3.60 (break-even 68.60) =OD EFTA_R1_01391456 EFTA02378831 Holly Frontier (HFC)— using 47.80 =nbsp; Dec 21, 2013 expiry &=bsp; 50.00 strike calls &=bsp; $4.40 &n=sp; (break-even 54.40) &nb=p; =nbsp; &n=sp; &nbs=; =5.00 strike calls 8t=bsp; $2.75 (break-=ven 57.75) <=p> Plains All America (PAA) — using 57=2E80 &n=sp; Nov 16, 20=3 expiry 60.00 strike ca=ls =nbsp; $1.65 (break-even 61.65) &n=sp; &=bsp; &nb=p; 62.50 strike calls &nb=p; $1.=0 (break-even 63.50) National =ilwell Varco (NOV) — using 67.50 = Nov 16, 2013 expiry =nbsp; 67.50 strike calls =nbsp; $5.15 &=bsp; (break-even 72.65) =OD Schlumberger (SLB) — using 75.60 =nbsp; Nov 16, 2013 expiry 8c=bsp; 75.00 strike calls &=bsp; $5.35 8in=sp; (break-even 80.35) &nb=p; =nbsp; &n=sp; &nbs=; =7.50 strike calls &=bsp; $4.10 (break-=ven 81.60 </=> =nbsp; This email is conf=dential and subject to important disclaimers and conditions including on o=fers for the purchase or sale of securities, accuracy and completeness of =nformation, viruses, confidentiality, legal privilege, and legal entity di=claimers, available at http://www.jpmorgan.com/pages/disclosures/email=2E 2 EFTA_R1_01391457 EFTA02378832