From: Tazia Smith To: "Jeffrey epstein" <jeevacation®gmail.com> Cc: "Paul Morris" cl >, "Vahe Stepanian" Subject: Re: AAL [C] Date: Wed, 11 Dec 2013 17:09:37 +0000 Importance: Normal Classification: Confidential On it Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor E-mail: From: Jeffrey Epstein [[email protected]] Sent: 12/11/2013 01:05 PM AST To: Tazia Smith Subject: Re: AAL [C] ok On Wed, Dec 11, 2013 at 12:59 PM, Tazia Smith < > wrote: Classification: Confidential Jeffrey - American Airlines (AAL) is presently trading —$26.5. You can synthetically create the stock via listed risk reversal out to Jan15: Indicative levels: Spot ref 26.50 Buy Jan15 20 call Sell Jan15 20 put Net Debit: 6.25 Do this on 1000 contracts to represent your 2-3mm of exposure. This priced better than a total return swap. EFTA00706251