From: Paul Barrett
Sent: Thursday, February 8, 2018 7:24 PM
To: jeffrey E.
Subject: RE: Re:

This is my recommendation to play it:

Vol skew blowing out again

Sell April 9% out of the money puts

Buy April 3.5% out of the money calls

Cashless

52% delta combined

Put strike takes us down to —2400 on the SP500. That gets us to 15.3x PIE based on next 12 month earnings expectations.

Paul Barrett

Alpha Group Capital LIC

From: jeffrey E. [mailto:jeevacation@gmail.com]
Sent: Thursday, February 08, 2018 1:55 PM
To: Paul Barrett <paul@alphagroupcapital.com>
Subject: Re:

this could be a classic bottom. lets see

Key entities:

*   Paul Barrett
*   Alpha Group Capital LLC
*   Date: February 8, 2018

On Feb 8, 2018, at 12:15 PM, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gmail.com> wrote:

thats why waiting until thurs was importnat. need to see how this breaks up or down

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