From: Paul Barrett
Sent: Wednesday, April 11, 2018 7:32 PM
To: Jeffrey E.
Subject: RE: Puts

May 18th expiry

Paul Barrett

Alpha Group Capital LLC

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

From: Paul Barrett
Sent: Wednesday, April 11, 2018 3:23 PM
To: 'jeffrey E.' <jeevacation@gmail.com>
Subject: Puts

20th April expiry

260 Put (1.52% OTM) costs $1.89 or 71bps<=p>

255 Put (3.41% OTM) costs $0.88 or 33bpsap>

250 Put (5.30% OTM) costs $0.43 or 16bps<=p>

245 Put (7.20%OTM) costs $0.22 or 8bps</=>

In order of above:

$100K premium controls

14MM

30MM

61MM

120MM

255/245 Put spread costs 66c for a max return of 15.=5x

Paul Barrett

Alpha Group Capital LLC

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