From: jeffrey E. <jeevacation@gmail.com>
Sent: Friday, June 29, 2018 10:21 PM
To: Paul Barrett
Subject: Re: Update

3 and 4 yes.

On Fri, Jun 29, 2018 at 6:17 PM, Paul Barrett =span dir="ltr">:  <  > wrote:

Hi Jeffrey

1. Our $3MM Kindred 8% 2020 bonds were called for value next week. I think=we should find something similar to replace it. If you agree, I will provi=e some ideas.

2. I am still holding the Aug 280 SPY calls. Recall we paid $1.55. It trad=d in a $1.20 - $1.80 range today. It closed at $1.22 as the market gave ba=k gains into the close. This week was the 3rd largest US equity outflow ever. A small reversal of=these flows at the start of Q3 next week will hopefully provide a good sel=ing opportunity.

3. I will continue to seek pre-approval for all trades and keep a detailed=P/L and rationale for the next 10 ideas as discussed. Please confirm that = can take a position off in case I don't get a quick reply from you and the market is moving.

4. Also I think it makes sense to continue participating in syndicate deal= at MS. We generally sell within the first few hours. YTD +$140K. Please c=nfirm if you would like me to continue. I would not bother you with every deal.

Best,

Paul

Paul Barrett

## Alpha Group Capital LLC

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