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RE: Financials: buy XLF call spreads
email TEXT-001-HOUSE_OVERSIGHT_011280.txt Dec 9, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…velocity and magnitude of the recent move and uncertainty around the impact and timing of Trump's policies, we believe options offer better risk-reward than being outright long financials stocks here. With flat call skew, "appearing" call spreads with upside knock-ins price well....

The combination of these factors suggest Japanese equities have further to run. We also
document IMAGES-002-HOUSE_OVERSIGHT_014448.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

The combination of these factors suggest Japanese equities have further to run. We also see the position as being complementary to our EM position since whereas a stronger USD is a drag on EM performance, it is beneficial for the NKY position. Chart 31: Japan equities have outpe...

Fwd: 2016 Election: Tax Changes Expected
email TEXT-001-HOUSE_OVERSIGHT_014516.txt Dec 15, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: Richard Kahn Sent: 12/15/2016 5:40:04 PM To: jeffrey E. [[email protected]] Subject: Fwd: 2016 Election: Tax Changes Expected Attachments: image001.png; Untitled attachment 417590.htm; Tax Alert 2016-5.pdf; Untitled attachment 417593.htm Importance: High Richard Kahn HB...

Global Equity Volatility Insights Bankof America
document IMAGES-007-HOUSE_OVERSIGHT_023575.txt Jun 6, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ting still early stages of bubble formation. Derivatives can be a key tool for trading bubbles, allowing investors to capture asset price upside while mitigating reversal risk. To this end, we like stock replacing FANG positions or overlaying Tech exposure with Nasdaq 100 (NDX) p...

next five years, namely Iran and the UAE. As for Libya, the current turmoil needs to
document IMAGES-003-HOUSE_OVERSIGHT_016148.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ia, some OPEC countries will also expand 20 their capacity in the next five years, namely Iran the UAE Global oil consumption BofAML OPEC capacjty growth, 2015-2020F 105 Kuwait mn bpd fcast uwail 100 , Algeria 95 Qatar 90 Venezuela Angola 85 3 Ecuador 80 Nigeria 15 UAE 70 Libya 6...

Chart 27: The current vega outstanding in the ESTX50-linked structured products is EUR 143mn
document IMAGES-008-HOUSE_OVERSIGHT_025991.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…e: BofA Merrill Lynch Global Research European volatility: Sector snapshot Table 4: Volatility measures and indicative option prices for major European sector indices (data as of 05-Aug-16) Bearish — <<<< ---------------------encnnncnccneennccnennncnnnnns >>>> Bullish 3Mth 90%-11...