EFTA00631668.txt

"From: "Ens, Amanda" To: "Jeffrey E." <[email protected]> Subject: The Fed is Short Strangles - Buy SPX Knock-Out Puts + hedge tech and oil Date: T"

"From: "Ens, Amanda" To: "Jeffrey E." <[email protected]>, Richard Kahn"

"Amanda Ens Director Bank of America Merrill Lynch"

"Justin Rothberg Equity Derivative Sales Bank of America Merrill Lynch"

"To: "Jeffrey E." <[email protected]>, Richard Kahn"

"What about the Fed? Some think the Fed's hawkishness last week was tantamount to them disengaging from their traditional Fed Put role."