From: Barrett, Paul S < Sent: Monday, January 31, 2011 5:49 PM To: Jeffrey Epstein; Staley, Jes Subject: RE: Je=frey <=span> Ideas: =span style=lont-size:11.0ptfont-family:"Calibri","sans-serif";color:=1F49701>Israeli Shekel: % return since 15Jan11 = -5% % return last 12 months = +0.50% <=pan style=lont-size:11.0ptfont-family:"Calibri","sans-serir;color:#=F497D5Indicative Pricing: 3 month ATM ILS put = 1.90% 6 month ATM ILS put = 2.65% 12 month ATM ILS put = 3.85% Alternatively if you wanted disaster insurance I would recomm=nd buying 10% out the money puts: 3 mont= 10% OTM ILS put = 0.30% 6 month 10% OTM ILS put = 0.67% 12 month 10% OTM ILS put = 1.33% Israel CDS <=pan style=mfont-size:11.0pt;font-family:"Calibri","sans-serir;color:#=F497D5Syr CDS at 150bps 23junll 5% ou= of the money European Puts @ 3.13% EFTA_R1_00138299 EFTA01799524