From: Paul Barrett <I
To: Jeffrey E. <jeevacation(kgmail.com>, Richard Kahn <1
Subject: RE: Update
Date: Fri, 29 Jun 2018 22:35:16 +0000
Inline-Images: image002.jpg: iinage004.jpg
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
From: Jeffrey E. <jeevacation@gmail.com>
Sent: Friday, June 29, 2018 6:25 PM
To: Paul Barrett .; Richard Kahn 4
Subject: Re: Update
2. jow much money, prices alone tell me little . and 1/ what was the p and ]l?
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.
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
EFTA00847328
Paul Barrett
Alpha Group Capital LLC
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