From: jeffrey E. <jeevacation@gmail.com>
Sent: Tuesday, August 25, 2015 8:10 PM
To: Brad Wechsler
Subject: Re: Put Writing

defoitnely not

- Date/time: Tue, Aug 25, 2015 at 4:09 PM
- From: [name/email redacted] (<mailto:...>)
- To: [name/email redacted] (<mailto:...>)
- Cc: multiple recipients (names/emails redacted; one shown as <mailto:...>)
- Subject: RE: Put Writing
- Greeting line: "Hi Brad —"
- Other visible text: "defoitnely not"
- Visual notes: several black redaction boxes obscuring names and email addresses; "mailto:" labels visible

Hi Brad —

This strategy is one of my top recommenda=ions for you. Given recent volatility, the yield investors are capturing f=r the same "probability of exercise" (POE) is 2X our historical return levels. Let us know if you have time & interest in a meeting to=discuss this strategy in more detail.

From: Glick, B=adley S. [IMO] Sent: Tuesday, August 25, 2015 3:09 PM To: 'Brad Wechsler' Cc: Goldenberg, Jeffrey B (IMO); Flynn, Meena [IMD]; Gupta, Anushka =IMO) Subject: Put Writing

Hi Brad,

Nice to speak with you yesterday afternoon, thank yo= for taking the time.

Attached is information on our discretionary put sel=ing strategy, that seeks to take advantage of volatility risk premium to a=d strategic yield to the portfolio.

All the best and please let us know if you have any =uestions.

Brad
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Bradley S. Glick<=b>
Goldman, Sachs & Co.
Vice President I Investment Management Divi=ion
200 West Street, 39th Floor =A0 I New York, NY 10282<=>
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please =ote

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