<table><tr><th>From:</th><th>Ens, Amanda &lt; @baml.com&gt;</th></tr><tr><td>Sent:</td><td>Thursday, March 30, 2017 7:48 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Cc:</td><td>'Richard Kahn'</td></tr><tr><td>Subject:</td><td>RE: SPY calls</td></tr></table>

$1.10 now off of 236.22 ref for SPY

Will use commissions $0.04 going forward across the board as discussed with Rich.

From: Ens, Amanda
Sent: Thursday, March 30, 2017 3:41 PM
To: 'jeffrey E.' <jeevacation@gmail.com>
Cc: 'Richard Kahn' aM@gmail.com>
Subject: RE: SPY calls

$1.14. Spot is 12 cents higher than before and it's a 25-delta.

From: Ens, Amanda

Sent: Thursday, March 30, 2017 3:35 PM

To: 'jeffrey E.' <jeevacation@gmail.com <mailto:jeevacation@gmail.com>>

Cc: 'Richard Kahn' <[REDACTED]2@gmail.com <mailto:richardkahn12@gmail.com> >

Subject: RE: SPY calls

$1.14 currently

From: jeffrey E. [mailto:jeevacation@gmail.com]

Sent: Thursday, <change><u>March 30 2017</u></change> 3:33 PM

To: Ens, Amanda <amanda.ens@baml.com <mailto:amanda.ens@baml.com> >

Subject: Re: SPY calls

current price

On Thu, Mar 30, 2017 at 9:09 PM, Ens, Amanda <amanda.ens@baml.com <mailto:amanda.ens@baml.com> > wrote:

SPY 19-May-2017 $242 calls - $1.11 offer right now

With $6/contract commission, $1.17 net

1,800 contracts is $210,600 premium net of commission.

Please note the market is moving around a bit.

Thanks,

Amanda

Amanda Ens

Director

Bank of America Merrill Lynch

Merrill Lynch, Pierce, Fenner & Smith Incorporated

██████████████████████████████████████████████████

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.bankofamerica.com/emaildisclaimer. If you are not the intended recipient, please delete this message.

please note

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at

http://www.bankofamerica.com/emaildisclaimer. If you are not the intended recipient, please delete this message.