To: epstein, jeffrey (jeevacation@gmail.com)[epstein, jeffrey (jeevacation@gmail.com)]; jeevacation@gmail.com[jeevacation@gmail.com]
Cc: Jeffrey M Matusow; Michael A Taormina
From: Paul S Barrett
Sent: Fri 8/20/2010 2:35:24 PM
Subject: BP Options

Hi Jeffrey

We have the Aug 30 BP calls expiring today.

Recap:

you are long the Oct 30 calls and short the Aug 30 calls

you spent a net $1.25 per contract.

current bid/offer on Aug 30C is 5.95/6.05

current bid/offer on Oct 30C is 6.80/6.90

Please let me know what you would like to do. If we take everything off we get a net credit of 75c against the $1.25 initial cost. So a loss of 50c.

Paul

Paul Barrett, CFA
Managing Director
Global Investment Opportunities Group
JPMorgan Private Bank

40W 57th Street, 33rd Floor, New York, NY 10019