EFTA02560914.pdf

From: jeffrey E. <jeevacation@gmail.com> Sent: Monday, June 25, 2018 5:53 PM To: Paul Barrett; Richard Kahn Subject: Re: New Idea for your approval sorry, you need to include position size. =AO unrelaixzed gain or loss. if bac is small why a=locate to Small kre On Mon, Jun 25, 2018 at 7:49 PM, Paul Barrett <paul=alphagroupcapital.com <mailto:paul@alphagroupcapital.com» wrote: Jeffrey, New Trade Idea: SPX down 1.50% today on tariff fears= • I recommend buying a position in each of the following: • Jul 280 SPY calls for $0.40 • Aug 280 SPY calls for $1.44 • Implied vol at 10%. • Tariff related sell-offs have offered good trading op=ortunities. The risk around retaliation is growing but if we can buy these=calls with a 1O% implied vol, I think these could work very well at the first sign of any reconciliatory comments from Washington= I would look to trade out of these if we get a bounce back to 2750 on SPX=this 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 reli=nce on EM to make a meaningful impact right now. 2. Sell BAC. Also a very small position. Would rather re-allo=ate to KRE (regional bank exposure). 3. MSFT, AVGO and Equinix — part of the data center theme. I thin= this theme has legs but MSFT and EQIX positions too small. Sell those.=/u> 4. JD.Com - sell if it drops below $38= It is the Amazon of China. However it cannot seem to break higher due to =argin concerns. Currently at $39.43. Paul EFTA_R1_01722156 EFTA02560914  Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&=entry=gmail&source=g> th Street, llthasup> Floor, New York, NY 10019 646-876-5277 (o) 646-342-6930 (c) </a paul@alphagroupcapital.com cmailto:paul@alphagroupcapitaLcom> gspan> =AO please note The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of JEE Unauthorized use, disclos=re or copying of this communication or any part thereof is strictly pro=ibited and may be unlawful. If you have received this communication =n error, please notify us immediately by return e-mail or by e-mail to =a href="mailto:jeevacation@gmail.com" target="_blank">jeevacation@gmai=.com, and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved 2 EFTA_R1_01722157 EFTA02560915