From: Laurie Cameron

From: Laurie Cameron To: Jeffrey Epstein <[email protected]> Subject: update Date: Mon, 30 Sep 2013 15:19:32 +0000 In order to reduce risk of gbp, nzd and and calls into this week, we have purchased NZD 4m 8287 GBP 4m 1.6170 in addition to the AUD 2m we are already long at .9323 this covers 75% of the delta of the short gbp calls this covers 30% of the nzd calls but it is important to remember that the NZD 82 call has not been knocked in (at 8450) so it technically doesn't exist. I am afraid of a whipsaw on the delta hedges, so I plan to continue to add NZD below 8270 only for now unless you advise differently I have delta hedged the options in hopes to avoid paying ultra high vol JPY - The best case for our position is for usd jpy to stay between 95 and 102. We take in theta each day it stays within this range. EFTA00971492