EFTA00976405.pdf

From: Tazia Smith To: "jeffrey epstein" leevacation®gmail.cotn> Cc: "Paul Ma, "Vahe Stepanian" < >, "Harry Beller" Subject: Re: INTC buy-and-write [C] Date: Sat, 23 Nov 2013 13:27:43 +0000 Importance: Normal Inline-Images: unnamed Classification: Confidential Hi Jeffrey - With this I was proposing an at the money buy and write on INTC (the Dec at the money's were trading at a 1.7pct premium to intrinsic, plus we like the underlier from a valuation and cash flow perspective. I apologize for the out of office alert - my team is in and we are focused - communications will just be coming from the team (Paul, Vahe, Caroline) while I'm traveling. Vahe is cc'd here and we are on top of your positioning. Same number 212-454-2889. Tazia Smith Director Markets Coverage Group Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York, NY 10154 Tel: Mobile: Fa E-mail: From: Jeffrey Epstein [jeevacation@gmail.com] Sent: 11/23/2013 10:08 AM CET To: Tazia Smith Subject: Re: INTC buy-and-write [C] what are you proposing??? On Fri, Nov 22, 2013 at 4:25 PM, Tazia Smith < > wrote: Classification: Confidential Not fancy - INTC, down over 4.5% following a self-critical Analyst Day. DB is one of the only analysts across the Street defending the name - in fact he raised his price target to 28 from 26. In part, he thinks management is being conservative and setting up for outperformance., $2 eps for 2014E (current 12x vs large cap semi peers at 16x) INTC spot is $24.09 Dec 23 calls are -$1.21 bid Dec 24 calls are —$0.51 bid EFTA00976405  INTO has a 3.7% current dividend yield, goes ex 2/5, reports 1/16 (Jan expiry is 1/18) Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset S Wealth Management 345 Park Avenue. 26th Floor New York. NY 10154 Tel. Fax Mobil Email This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. 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 Jeffrey Epstein 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, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. EFTA00976406 Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA00976407