EFTA02488894.pdf

From: Paul Barrett Sent: Friday, June 29, 2018 10:35 PM To: jeffrey E.; Richard Kahn Subject: RE: Update 1. Bond purchased in October 2016 at $102.02. Called at $107.59. Total gain of $577K ($167K price appreciation and $410K in interest) 2. We spent $50K in premium on the Aug calls. P/L down $11K. Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor, New York, NY 10019 From: jeffrey E. <jeevacation@gmail.com> Sent: Friday, June 29, 2018 6:25 PM To: Paul Barrett <pattspagnimpass; Richard Kahn Subject: Re: Update 2. jow much money, prices alone tell me little . and 1/ what was the p and )1? On Fri, Jun 29, 2018 at 6:17 PM, Paul Barrett 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 provide some ideas. EFTA_R1_01609142 EFTA02488894 2. I am still holding the Aug 280 SPY calls. Recall we paid $1.55. It traded in a $1.20 - $1.80 range today. It closed at $1.22 as the market gave back 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 selling 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 I 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 deals at MS. We generally sell within the first few hours. YTD +$140K. Please confirm if you would like me to continue. I would not bother you with every deal. Best, Paul Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&entry=gmail&source=g> th Street, 11th Floor, New York, NY 10019 2 EFTA_R1_01609143 EFTA02488895 please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of _WE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 3 EFTA_R1_01609144 EFTA02488896