EFTA02602845

From: Paul Barrett < Sent: Tuesday, July 10, 2018 7:51 PM To: Jeffrey E. Cc: Richard Kahn Subject: SPY calls Jeffrey Aug SPY 280 calls at $3.05 (we paid $1.55). The SP50= is bumping up against 2800 which has been a big resistance level this yea=. If it breaks above 2800 I think we could test 2840 in short order. So I =m looking at the following: Sell 350 contracts of the Aug 280 SPY calls for $3.05 =li class="MsolistParagraph" style="margin-left:0in;mso-list:I0 levell =fol">Buy 350 contracts of the Aug 284 SPY calls for $1.27 <=i class="MsoListParagraph" style="margin-left:0in;mso-list:I0 levell l=o1">Take $1.78 off the table and be well positioned if we break above 2800= Are you OK if I decide to do that as opposed to just=taking profits? Thanks Paul Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor,=New York, NY 10019 <mailto EFTA_R1_01791581 EFTA02602845 2 EFTA_R1_01791582 EFTA02602846