EFTA02565680

From: Paul Barrett < Sent: Tuesday, November 14, 2017 9:55 PM To: jeffrey E. Subject: RE: Saudi It has moved 25bps since last week but remains the best way to play — if things blow up with Iran it should widen and if things settle and oil sells off then it likely stays wide. Math: $10MM notional costs —5105,000 per year plus roll and leaves a Dv01 of $4500 (p/I per basis point) Paul Barrett Alpha Group Capital LLC (o) (c) <mailto From: jeffrey E. [mailto Sent: Tuesday, November 14, 2017 4:11 PM To: Paul Barrett < Subject: Re: Saudi yes likely to get worse. oil not yet a sale On Tue, Nov 14, 2017 at 4:09 PM, Paul Barrett < <mailto wrote: > > EFTA_R1_01730280 EFTA02565680 Jeffrey Are you worried about this Saudi-Iran issue getting worse? Watching Saudi CDS again. If not then oil likely a sell. Paul Barrett Alpha Group Capital LLC <mailto please note o) (c) 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 <mailto > , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 2 EFTA_R1_01730281 EFTA02565681