EFTA02603472.pdf

From: Paul Barrett Sent: Wednesday, July 11, 2018 12:50 PM To: Jeffrey E.; Richard Kahn Subject: RE: SPY calls Not yet. With Donald in Europe this week I thought we would get a week free of tariff threats and a market rally into Friday earnings. Futures down 50bps. Bounced off the overnight lows. Will keep you posted. Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor, New York, NY 10019 From: Jeffrey E. <[email protected]> Sent: Wednesday, July 11, 2018 8:13 AM To: Paul Barrett Subject: Re: SP your target was 3 . did you sell? On Tue, Jul 10, 2018 at 3:50 PM, Paul Barrett wrote: Jeffrey EFTA_R1_01792705 EFTA02603472  Aug SPY 280 calls at $3.05 (we paid $1.55). The SP500 is bumping up against 2800 which has been a big resistance level this year. If it breaks above 2800 I think we could test 2840 in short order. So I am looking at the following: • Sell 350 contracts of the Aug 280 SPY calls for $3.05 ` Buy 350 contracts of the Aug 284 SPY calls for $1.27 • Take $1.78 off the table and be well positioned if we break above 2800. Are you OK if I decide to do that as opposed to just taking profits? Thanks Paul Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&entry=gmail&source=g> th Street, 11th Floor, New York, NY 10019 please note 2 EFTA_R1_01792706 EFTA02603473 The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 3 EFTA_R1_01792707 EFTA02603474