EFTA02473339.pdf

From: Paul Barrett < Sent: Wednesday, April 11, 2018 7:51 PM To: Jeffrey E. Subject: RE: Puts Spent $100,000 premium Bought April 20th 255 SPY Puts (3.40% out=of the money) 1200 contracts $30.6MM notional Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor,=New York, NY 10019 (o) (c) <=P> <mailto From: Paul Barrett Sent: Wednesday, April 11, 2018 3:32 PM To: jeffrey E. <[email protected]> Subject: RE: Puts May 18th expiry 1 EFTA_R1_01585685 EFTA02473339 Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor,=New York, NY 10019 (o) (c) <=p> <mailto From: Paul Barrett Sent: Wednesday, April 11, 2018 3:23 PM To: 'jeffrey E: <[email protected] <mailto:[email protected]» Subject: Puts 20th April expiry 260 Put (1.52%0TM) costs $1.89 or 71bps<=p> 255 Put (3.41% OTM) costs $0.88 or 33bps<=p> 250 Put (5.30%0TM) costs $0.43 or 16bps<=p> 245 Put (7.20%OTM) costs $0.22 or 8bps</=> In order of above: $100K premium controls 14MM 30MM 61MM 120MM 2 EFTA_R1_01585686 EFTA02473340 255/245 Put spread costs 66c for a max return of 15.=5x Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor,=New York, NY 10019 (a) (c) <=p> <mailto 3 EFTA_R1_01585687 EFTA02473341