EFTA02380620

From: Barrett, Paul S < III Sent: Thursday, May 10, 2012 2:33 PM To: Jeffrey Epstein Subject: RE: I know — you have to do a portfolio approach for these. On $50= premiums spent: PCLN we unwound for a$20K profit; CSCO lost $40K. We ha=e done 8 so far this earnings season and 6 have been winners. Lose=s have been bigger than the winners but overall positive on the strategy=2E =p class="MsoNormal"> =span style="font-size:10.5pt;font-family:Consolas;color:#1F497D">Paul =arrett, CFA Managing Director Global Investment Opportunit=es Group JPMorgan Private Ban= 320 Park Avenue, 14th Floor,=New York, NY 10022 NMLS ID# 853441 From: Jeffrey =pstein Imailto:[email protected] Sent: Thursd=y, May 10, 2012 10:05 AM To: Barrett, Paul S S=bject: =0:p> looks like the cisco trade was a born loser =br> -- The information contained in this communication is =0Aconfidential, may be attorney-client privileged, may constitute=inside information, and is intended only for the use of the addre=see. It is the property of Jeffrey Epstein EFTA_R1_01394917 EFTA02380620 Unauthoriz=d use, disclosure or copying of this communication or any part th=reof is strictly prohibited and may be unlawful. If you have re=eived this communication in error, please notify us immediately b= return e-mail or by e-mail to [email protected] <mailto:jeevacation@gmai=.com> , and =estroy this communication and all copies thereof, including all a=tachments. copyright -all rights reserved =OA This email is confidential and subject to importa=t disclaimers and conditions including on offers for the purchase or sale =f securities, accuracy and completeness of information, viruses, confident=ality, legal privilege, and legal entity disclaimers, available at http://=ww.jpmorgan.com/pages/disclosures/email. 2 EFTA_R1_01394918 EFTA02380621