EFTA02654523.pdf

From: Richard Kahn < Sent: Thursday, March 30, 2017 2:48 PM To: Jeffrey Epstein Subject: Fwd: AAPL trade recap Shall I only transfer 100k shares of 4=4,000 Apple from Deutsche bank to Merrill or another amount if you plan to s=ll more. Please advise. Ric=ard Kahn HBRK Associates Inc.=/div> Begin forwarded message: From: "Ens, Amanda" < <mailto Date: March 30, 2017 at 10:17=36 AM EDT To: "Jeffrey E." <[email protected] <mailto:jeevacation@gmai=.com» Cc: Richard Kahn < Subje=t: RE: AAPL trade recap Jeffrey, We still have high conviction on replacing long AAPL s=ock positions with calls or call spreads. Buy May 19th $150 call for $2.15 or<=:p> Buy May 19th $150/$160 call spread f=r $1.70 or Buy May 19th $150 call /sell a $160 c=ll with a continuous knock-in at $170 for $2.15 (pay $0.45 more to ge= an extra $9.99 potential upside participation) EFTA_R1_01898999 EFTA02654523  Buy June 16th $150 call for $2.90 or=o:p> Buy June 16th $150/$160 call spread for $2=05 or Buy June 16th $150 call /sell a $160 call w=th a continuous knock-in at $170 for $2.60 (pay $0.55 more to get an extra $=.99 potential upside participation) Buy July 21st $150 call for $3.75 or =/o:p> Buy July 21st $150/$165 call spread for $3=00 From our derivatives strategist: Since its pre-election lows on 4-Nov, AAPL has gone u= 30%, climbing last week to its all-time highs and recording the second bes= performance among the 50 largest stocks in the S&P 500 (albeit at almo=t half the volatility). From: Ens, Amanda Sent: Wednesday, March 29, 2017 11:47 AM To: 'jeffrey E.' <[email protected] <[email protected]»; 'Richard Kahn' <mailtc Subject: AAPL trade recap Jeffrey, Southern Trust ` Sold 100,000 shares AAPL at $143.55<=o:p> 2 EFTA_R1_01899000 EFTA02654524  * Bought AAPL $150 19-May-2017 expiry calls=on 2,500 contracts at $1.95 ($2.01 net of $6/contract commission► Premium: $502,500 Options will be booked OTC as listed opti=n look-alikes Please let me know if you'd like to work an o=der on the balance. Thanks, Amanda Amanda Ens Director Bank of America Merrill Lynch This message, and any attachments, is for the intended recipient(s) only= may contain information that is privileged, confidential and/or proprietar= and subject to important terms and conditions available at http://www.bankofamerica.com/email=isclaimer. If you are not the intended recipient, please delete this m=ssage. 3 EFTA_R1_01899001 EFTA02654525