From: Paul Barrett To: Jeffrey E. <[email protected]> Subject: RE: Re: Date: Fri, 02 Mar 2018 16:47:12 +0000 Inline-Images: image002.jpg; image003.jpg But that's the same thing as selling puts — leaves you with a very similar pay-out profile. Paul Barrett Al ha Grou Ca ital LLC (o) (c) From: Jeffrey E. [mailto:[email protected]] Sent: Friday, March 02, 2018 11:46 AM To: Paul Barrett Subject: Re: Re: no, we might do covered calls. for ex.. On Fri, Mar 2, 2018 at 11:45 AM, Paul Barrett wrote: You want to buy vol at these levels? Paul Barrett Alpha Group Capital LLC (o) c) From: Jeffrey E. [mailto:[email protected]) Sent: Friday, March 02, 2018 11:44 AM To: Paul Barrett < Subject: Re: ; Richard Kahn i never like selling puts. it is a sucker play, limited upside with unlimited down. On Fri, Mar 2, 2018 at 11:42 AM, Paul Barrett < > wrote: You have 2 mins? I am pricing: EFTA00867239

Buying 260/250 SPY put spreads 1/1.5x — cashless. Selling puts on Raytheon, GD, Lockheed and Northrop Paul Barrett Alpha Group Capital LLC (o) (c) From: jeffrey E. [mailto:[email protected]] Sent: Friday, March 02, 2018 11:39 AM To: Paul Barrett < >; Richard Kahn Subject: we should start looking at options market , premiums getting high 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 JEE 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 [email protected] and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 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 JEE 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 [email protected] and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00867240

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 JEE 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 [email protected]. and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00867241