From: Paul Barrett i
Sent: 7/13/2018 5:40:46 PM To: jeffrey E. [jeevacation@gmail.com]; Richard Kahn Subject: AVGO
Attachments: image004.jpg; image001.jpg
Importance: — High Any thoughts on the AVGO Aug puts? Stock trading at 204.50. Aug puts now $6.50
Paul Barrett Alpha Group Capital LLC 142 W 57" Street, 11° Floor, New York, NY 10019
CX | Sr cree CAPITAL
From: Paul Barrett Sent: Friday, July 13, 2018 9:42 AM
To: jeffrey E. <jeevacation@gmail.com>; Richard Kahn [
Subject: RE: Jeffrey
| understand your frustrations and appreciate your willingness to figure out a solution. | have some ideas which | will send you over the weekend if that is OK.
Re Broadcom: the stock is up $1.20 at $211.50. After the initial shock reaction of yesterday, there has been a lot of focus on the cost synergies etc. but very little conviction in revenue opportunities. However until we hear from management as to the overall intentions of the deal, uncertainty will linger.
This morning the pricing is as follows:
Aug 200 Puts cost $4.10 Sept 200 Puts cost $7.90
Earning are on 08/30. So worst case is the uncertainty lingers until then which would argue to buy the Sept puts. However | still prefer buying the Aug puts as | would fully expect more clarity from management before August expiry.
Paul
Paul Barrett Alpha Group Capital LLC 142 W 57" Street, 11° Floor, New York, NY 10019
CX Sr cree CAPITAL
HOUSE_OVERSIGHT_031804