From: "Jeffrey E." <jeevacation®gmail.com>
To: Paul Barrett , Richard Kahn
Subject: Re: New Idea for your approval
Date: Mon, 25 Jun 2018 17:53:27 +0000
Inline-Images: image00 1 .jpg
sorry, you need to include position size. unrelaixzed gain or loss. if bac is small why allocate to Small kre
On Mon, Jun 25, 2018 at 7:49 PM, Paul Barrett < > wrote:
Jeffrey,
New Trade Idea: SPX down 1.50% today on tariff fears.
• I recommend buying a position in each of the following:
o Jul 280 SPY calls for $0.40
o Aug 280 SPY calls for $1.44
o Implied vol at 10%.
o Tariff related sell-offs have offered good trading opportunities. The risk around retaliation is
growing but if we can buy these calls with a 10% 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 recommend the following over the coming days:
I. Sell BUD. It is a small position with too much reliance on EM to make a meaningful impact right now.
2. Sell BAC. Also a very small position. Would rather re-allocate to KRE (regional bank exposure).
3. MSFT, AVGO and Equinix — part of the data center theme. I think this theme has legs but MSFT and
EQIX positions too small. Sell those.
4. JD.Com - sell if it drops below $38. It is the Amazon of China. However it cannot seem to break higher
due to margin concerns. Currently at $39.43.
Paul
Paul Barrett
Alpha Group Capital LLC
(0) (c)
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