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From: Richard Kahn Sent: Wednesday, March 29, 2017 2:46 PM To: Jeffrey Epstein Subject: Fwd: apple Not sure I agree about cheap. Richard Kahn HBRK Associates Inc. 575 Lexington Avenue, 4th Floor New York, NY 10022 Begin forwarded message: From: "Ens, Amanda" Date: March 29, 2017 at 9:31:13 AM EDT To: Richard Kahn <[email protected] <mailt Subject: RE: apple Rich, Very good question. Equity options are typically priced on spot notional, not strike notional. So 1mm shares' 143.80 = $143,800,000 notional 18.85% = $27,106,300 premium Sounds like a lot but these are actually quite cheap. Regards, Amanda EFTA_R1_01333960 EFTA02353490
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