EFTA01029202.pdf

Front: Paul Barrett < To: J <[email protected]> CC: Richard Kahn < Subject: Follow up Date: Thu. 07 Feb 2019 16:23:15 +0000 Inline-Images: image002.png: image004.jpg Hi Jeffrey, As Rich mentioned to you I am removing myself from the relationship and de-linking Alpha Group from all of your accounts. You have not responded to any of my proposals that I have sent over the past 5 months and it makes no sense to continue to work together with this uncertainty. I am sorry things did not work out. On a separate note i( you want to short the market over the next month: 1. Buy March 2019 25 strike VIX calls a. Cost 50c b. March VIX futures are currently at 17.15 (got as high as 26 back in December) c. If we get a vol spike in the next 3.4 weeks I would think these are worth - 52.00 2. Buy SP500 puts. Vol has come down making this a pretty clean way of expressing the view. a. Buy March 2019 2600 SPX Put for 520. This is 4% out of the money OR b. Buy March 2019 2700-2550 Put spread for 534. Max payout is 5150. 3. Sell covered calls on some of your single stock positions as single stock vol in your names remains elevated. Generic 1 month VIX Contract Paul Barrett Alpha Group Capital LLC 142 W S7th Street 111h Floor, New York, NY 10019 ur4 EFTA01029202