HOUSE_OVERSIGHT_031807.jpg
1.15 MB
Extraction Summary
4
People
3
Organizations
1
Locations
2
Events
2
Relationships
5
Quotes
Document Information
Type:
Email correspondence
File Size:
1.15 MB
Summary
An email exchange from July 13, 2018, between Jeffrey Epstein (using jeevacation@gmail.com) and Paul Barrett of Alpha Group Capital. Epstein harshly criticizes Barrett's trading competence regarding 'spy trades' and market reactions to a Trump visit, calling him an 'amateur.' Barrett responds with a calm analysis of Broadcom stock and options pricing strategies.
People (4)
| Name | Role | Context |
|---|---|---|
| Jeffrey E. (Epstein) | Sender/Recipient |
Using email jeevacation@gmail.com; aggressively criticizing Paul Barrett's trading performance.
|
| Paul Barrett | Sender/Recipient |
Trader at Alpha Group Capital LLC; defending trading strategy regarding Broadcom and responding to Epstein's criticism.
|
| Richard Kahn | Recipient (CC) |
Included on the email chain between Epstein and Barrett.
|
| Donald Trump | Mentioned |
Mentioned in context of market movement: 'media reporting on trump visit'.
|
Organizations (3)
| Name | Type | Context |
|---|---|---|
| Alpha Group Capital LLC |
Firm employing Paul Barrett.
|
|
| Broadcom |
Subject of stock analysis in the email.
|
|
| SPY |
SPDR S&P 500 ETF Trust, referred to as 'spy trades'.
|
Timeline (2 events)
Locations (1)
| Location | Context |
|---|---|
|
|
Office address for Alpha Group Capital LLC.
|
Relationships (2)
Jeffrey scolds Paul for losing money/poor strategy; Paul provides market analysis to Jeffrey.
Richard Kahn is copied on the correspondence regarding financial matters.
Key Quotes (5)
"Im not angry , sorry, it is sad. it is apparent that you have no experience trading."Source
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Quote #1
"the spy trades were the results of a rank amatuer."Source
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Quote #2
"AMATEUR . wrong options wrong timing , no discipline and as a percentaage of investment."Source
HOUSE_OVERSIGHT_031807.jpg
Quote #3
"based on media reporting on trump visit? you didnt act. the market dipped and you panicked."Source
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Quote #4
"Re Broadcom: the stock is up $1.20 at $211.50."Source
HOUSE_OVERSIGHT_031807.jpg
Quote #5
Full Extracted Text
Complete text extracted from the document (1,864 characters)
To: jeffrey E. ; Richard Kahn [REDACTED]
Subject: RE:
Subject: RE:
Jeffrey
I understand your frustrations and appreciate your willingness to figure out a solution. I have some ideas which I 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
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 I still prefer buying the Aug puts as I would fully expect more clarity from management before August expiry.
However I still prefer buying the Aug puts as I would fully expect more clarity from management before August expiry.
Paul
Paul Barrett
Alpha Group Capital LLC
142 W 57th Street, 11th Floor, New York, NY 10019
[REDACTED]
[REDACTED]
Alpha Group Capital LLC
142 W 57th Street, 11th Floor, New York, NY 10019
[REDACTED]
[REDACTED]
ALPHA GROUP
CAPITAL
CAPITAL
From: jeffrey E.
Sent: Friday, July 13, 2018 7:11 AM
To: Paul Barrett [REDACTED]; Richard Kahn [REDACTED]
Subject:
Sent: Friday, July 13, 2018 7:11 AM
To: Paul Barrett [REDACTED]; Richard Kahn [REDACTED]
Subject:
Im not angry , sorry, it is sad. it is apparent that you have no experience trading. we both made a mistake. . the spy trades were the results of a rank amatuer. . you took a postion on the direction of the market. ok. you decided to play it extra short time and short. . why? becaue the options are cheaper. ? knowing full well that time premium was running. . first silly move. . I allowed as promised to give you authority. . you set a target. . it hit the traget , you moved in back. based on media reporting on trump visit? you didnt act. the market dipped and you panicked. . AMATEUR . wrong options wrong timing , no discipline and as a percentaage of investment. a one day
HOUSE_OVERSIGHT_031807
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