From: "jeffrey E." <jeevacation®gmail.com> To: Paul Barrett Subject: Re: Broadcom Date: Thu, 12 Jul 2018 20:59:51 +0000 Inline-Images: image002.jpg This happened this. MORNING!! On Thu, Jul 12, 2018 at 3:48 PM Paul Barrett Jeffrey > wrote: We own 8000 shares of Broadcom (AVGO). They announced a surprise acquisition of Computer Associates (CA) last night. Stock dropped 13% today as the Street hates the deal. Big question is why would a semi company buy a sleepy software business. And the company did not do a conference call. As a result there were a bunch of downgrades. My cost basis: $250 or $2MM Current spot: $209 after touching $198 after the open MTM ($328K) Market cap decline was $14b1n Value of acquisition is $18b1n My recommendation is to buy Aug $200 puts for $4.70 and keep the position. By then the market should have some more clarity from management regarding the deal. Paul Paul Barrett EFTA01005852 Alpha Group Capital LLC 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 jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01005853