<table><tr><th>From:</th><th>Paul Barrett</th></tr><tr><td>Sent:</td><td>Wednesday, July 12, 2017 11:38 AM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>Re: Euro</td></tr></table>

Ok will price up some ideas.

Paul Barrett

On Jul 12, 2017, at 5:13 AM, jeffrey E. sieevacation@gmail.com <mailto:jeevacation@gmail.com» wrote:

lets think about getting long europe. . divd xx. maybe japan. , how woudl you play a short s and p for a week.? TODAY

On Tue, Jul 11, 2017 at 9:16 PM, Paul Barrett wrote:

## Jeffrey

As we discussed a few months ago I think the euro could trade up to 1.2000 in the coming 3.4 months. The ECB will move towards tightening mode (slowly but enough to trigger flows out of the US into Europe) by Q4. I think we should get outright long or buy some 1.1750 calls.

Rich - can we buy euro calls with anyone?

Paul Barrett

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## Jeffrey (cont.)

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