<table><tr><th>From:</th><th>Paul Barrett&lt;</th></tr><tr><td>Sent:</td><td>Friday, December 8, 2017 3:04 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>GBPJPY/Oil</td></tr></table>

Jeffrey

GBPJPY @ 151.90

3 month forward at 151.60

3 month 154.00 Call costs around 1.30%

Or I like the idea of selling a 6 month 148.00 Put a=d buying a 154.00 Call (roughly cashless). Gives us a small cushion on the=downside.

Charts below.

July WTI @ 56.86

Jul (expires June) $65 Calls cost 62c

Jul (expires June) $70 Calls cost 25c

• I prefer the $65 strikes

GBPJPY

lyr Chart

Syr Chart

Paul Barrett

## Alpha Group Capital LLC

142 W 57th Street, 11th Floor,=New York, NY 10019

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