Re: SPY calls

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

• Buy 350 contracts of the Aug 284 SPY calls for $1.27

• 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

your target was 3 . did you sell?