EFTA02562066.pdf

From: jeffrey E. <[email protected]> Sent: Monday, June 25, 2018 6:45 PM To: Paul Barrett Cc: Richard Kahn Subject: Re: New Idea for your approval wait two days and sell all On Mon, Jun 25, 2018 at 8:38 PM, Paul B=rrett wrote: I think most of the regional banks represented in th= ETF have faced similar headwinds with respect to increased compliance cos=s and caps on divididend distributions. This is expected to ease. With the=recent SIFI changes I also think we will see an M&A wave. The U.S does not need 6,000 regional banks. l=don't know which banks get acquired but owning the ETF will allow =s to capture all these themes. Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&=entry=gmail&source=g> th Street, llth<=sup> Floor, New York, NY 10019 =/span> From: jeffrey E. <[email protected] <mailto:[email protected]» Sent: Monday, June 25, 2018 2:20 PM To: Paul Barrett EFTA_R1_01723840 EFTA02562066 Cc: Richard Kahn Subject: Re: New Idea for your approval how many shares of each do we own . 4>=A0 sosrry this is extraordiarily silly On Mon, Jun 25, 2018 at 8:18 PM, Paul Barrett wrote: 1. Sell BUD. It is a small position with too much reliance on EM to make a mea=ingful impact right now. $431K; P/L -$51K. 2. Sell MC. Also a very small position. Would rather re-allocate to KRE (regi=nal bank exposure). 5213K; P/L +$112K. I think KRE is well positioned given the regulato=y tailwinds, strength on Main Street, no FICC reliance etc. Just to mainta=n Fins exposure. It would top KRE up to $2MM. 3. MSFT, AVGO and Equinix — part of the data center theme. I think thi= theme has legs but MSFT and EQIX positions too small. Sell those. MSFT $508K. P/L +$11K; EQIX $497K P/L +$4K. 4. 10.Com - sell if it drops below $38. It is the Amazon of China. However it =annot seem to break higher due to margin concerns. $1.9MM; P/L -$59K at current level. Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&=entry=gmail&source=g> th =treet, 11th Floor, New York, NY 10019 =u> =U> From: Jeffrey E. <[email protected] <mailto:[email protected]» Sent: Monday, June 25, 2018 1:53 PM To: Paul Barrett Richard Kahn Su ject: Re: New I ea or your approval sorry, you need to include position size= unrelaixzed gain or loss. if bac is small w=y allocate to Small kre 2 EFTA_R1_01723841 EFTA02562067  On Mon, Jun 25, 2018 at 7:49 PM, Paul Barrett wrote: Jeffrey, New Trade Idea: SPX down 1.50% today on tariff fears= I recommend buying a position in each of the following: =Jul> • Jul 280 SPY calls for $0.40 • Aug 280 SPY calls for $1.44 • Implied vol at 10%. • Tariff related sell-offs have offered good trading opportunities. The risk =round retaliation is growing but if we can buy these calls with a 10% impl=ed vol, I think these could work very well at the first sign of any reconc=liatory comments from Washington. I would look to trade out of these if we get a bounce back to 2750 on SPX =his week. If we don't get the bounce by Friday I would sell. Also to further clean up the portfolio I would recom=end the following over the coming days: 1. Sell BUD. It is a small position with too much reliance on EM to make a mea=ingful impact right now. 2. Sell BAC. Also a very small position. Would rather re-allocate to KRE (regi=nal bank exposure). 3. MSFT, AVGO and Equinix — part of the data center theme. I think thi= theme has legs but MSFT and EQIX positions too small. Sell those.<=> 4. JD.Com - sell if it drops below $38. It is the Amazon of China. However it =annot seem to break higher due to margin concerns. Currently at $39.43. Paul Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&=entry=gmail&source=g> th =treet, 11th Floor, New York, NY 10019 3 EFTA_R1_01723842 EFTA02562068  =u> please no=e 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] <[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please no=e 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 4 EFTA_R1_01723843 EFTA02562069  4>=A0 please note The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of JEE Unauthorized use, disclos=re or copying of this communication or any part thereof is strictly pro=ibited and may be unlawful. If you have received this communication =n error, please notify us immediately by return e-mail or by e-mail to =a hrefemailto:[email protected]" target="_blank">jeevacation@gmai=.com, and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved 5 EFTA_R1_01723844 EFTA02562070