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From: Richard Kahn Sent: Thursday, September 15, 2016 3:23 PM To: jeffrey E. Subject: Fwd: REGN trade idea Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 tel fax cell Begin forwarded message: From: =/b>"Ens, Amanda" Subject: =/b>REGN trade =dea Date: =/b>September 15, 2016 at 9:28:55 =M EDT To: =/b>' Cc: "Jaye, Matthew W" < 1 Rich, Not sure if you still =ave a lot of biotech exposure but Matt and I wanted to highlight =egeneron Pharmaceuticals. REGN (Buy, $397.56 last, 12m PO =526) Sell =an 350 put / buy Jan 420-480 call spread -> paying $3 (less than 1% =f spot ref 397.56). (we need to trade this in note format) EFTA_R1_00103857 EFTA01783325
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