Trading losses described as 'a great deal of money'. References 'spy trades' (SPY ETF options) and a 'one day dip fof 25%'.
In this email from July 13, 2018, Jeffrey E. (Epstein) scolds Paul Barrett and Richard Kahn for incompetent stock trading that resulted in significant financial losses. He criticizes their strategy regarding 'spy trades' and Broadcom, calling them amateurs for panicking over news about a Trump visit and failing to execute proper options strategies. Epstein notes that due to their personal relationship, he has been more lenient than usual, stating the arrangement would have ended months ago if it were anyone else.
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