<table><tr><th>From:</th><th>Paul Barrett</th></tr><tr><td>Sent:</td><td>Thursday, October 26, 2017 2:24 AM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>A few things:</td></tr></table>

1. Relentless buying of EURCHF and EURGBP keeps EURUSD bid above 1.1750.=l am inclined to take off of EUR puts if we don't get some weakness =n the next week. Long EURCHF outright is something I am looking at now that we have the ISDA.

2. =ny thoughts on RUB? Looking at some outright forwards. Nice carry.

3. Argentine t-bills are yielding 25%. Recent reforms look promi=ing.

Let me know if you have thoughts on any of th=se.

Paul Barrett

Alpha Group Capital LLC

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

(c) <=p>

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