<table><tr><th>From:</th><th>Paul Barrett</th></tr><tr><td>Sent:</td><td>Wednesday, September 27, 2017 8:06 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Cc:</td><td>'Richard Kahn'</td></tr><tr><td>Subject:</td><td>Quick update</td></tr></table>

Jeffrey

I put on around $28.5MM notional of SPY calls (254 a=d 255 strikes). Expire Dec ’17. Targeting $50MM.

Small cap v SPY trade working well so far. Think the=e is a lot more to go.

Paul

Paul Barrett
Alpha Group Capital LLC
142 W 57th Street, 11th Floor,=New York, NY 10019
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