<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Monday, June 25, 2018 6:28 PM</td></tr><tr><td>To:</td><td>Paul Barrett; Richard Kahn</td></tr><tr><td>Subject:</td><td>Re: New Idea for your approval</td></tr></table>

regional banks. ? 4>=A0 what does this mean? !!! do you think all egion=l banks trade alike? why kre specifillcaly

On Mon, Jun 25, 2018 at 8:=0 PM, Paul Barrett <paul@alphagroupcapital.com <mailto:paul@alphagroup=apital.com» wr=te:

OK

Paul Barrett

Alpha Group Capital LLC

142 W 57 <https://maps.google.com/?q=142+W+57&=entry=gmail&source=g> th Street, 11th<sup> Floor, New York, NY 10019

646-876-5277 (o) 646-342-6930 (c) </=>
paul@alphagroupcapital.com=/a> <mailto:paul@alphagroupcapital.com>
</span>

From: jeffrey E. <jeevacation@gmail.com <mailto:jeevac=tion@gmail.com» Sent: Monday, June 25, 2018 2:19 PM To: Paul Barrett <paul@alphagroupcapital.com <mailto:paul@alphagroupcapital.com» Subject: Re: New Idea for your approval

yes

On Mon, Jun 25, 2018 at 8:07 PM, Paul Barrett <paul@alphagro=pcapital.com <mailto:paul@alphagroupcapital.com» wrote:

OK with $50K premium on each?

**Key Information from the Image:**

*   **Sender:** Jeffrey E. (jeevacation@gmail.com)
*   **Recipient:** Paul Barrett (paul@alphagroupcapital.com)
*   **CC:** Richard Kahn (richardkahn12@gmail.com)
*   **Date:** Monday, June 25, 2018, 1:56 PM
*   **Subject:** Re: New Idea for your approval
*   **Paul Barrett (Alpha Group Capital LLC):** 142 W 57th street, 11th Floor, New York, NY 10019, Phone: 646-876-5277 (o) 646-342-6930 (c) ,Email: paul@alphagroupcapital.com
*   **New Trade Idea:** Buy the following positions because SPX is down 1.50% today on tariff fears
    *   Jul 280 SPY calls for $0.40
    *   Aug 280 SPY calls for $1.44
    *   Implied vol at 10%

the first sign of any reconc=liatory comments from Washington. I would look to trade out of these if we get a bounce back to 2750 on SPX =his week. If we don't get the bounce by Friday I would sell.

Also to further clean up the portfolio I would recom=end the following over the coming days:

1. Sell BUD. It is a small position with too much reliance on EM to make a mea=ingful impact right now.
2. Sell BAC. Also a very small position. Would rather re-allocate to KRE (regi=nal bank exposure).
3. MSFT, AVGO and Equinix - part of the data center theme. I think thi= theme has legs but MSFT and EQIX positions too small. Sell those.<=>
4. JD.Com - sell if it drops below $38. It is the Amazon of China. However it =annot seem to break higher due to margin concerns. Currently at $39.43.

Paul

Paul Barrett
Alpha Group Capital LLC
142 W 57 <https://maps.google.com/?q=142+W+57&=entry=gmail&source=g> th
=treet, 11th Floor, New York, NY 10019
646-876-5277 (o) 646-342-6930 (c)
paul@alphagroupcapital.com <mailto:paul@alphagroupcapital.com>
=u>

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