Trade Alert 1/23/2024

We have purchased a couple of bearish positions against some of our stock positions (slight hedges). Bought a put butterfly in WBA as follows: Buy to open:  WBA March 15th (monthly) 22.50 strike put (ratio of 1) Sell to open:  WBA March 15th (monthly) 20.00 strike put (ratio of 2) Buy to open:  WBA March 15th (monthly) 17.50 strike put (ratio of 1) Debit: 0.60 Max risk = 0.60 or $60.00 per spread Max reward = 1.90 or $190.00 per spread Bought a put spread in BKR as follows: Buy to open:  BKR March 15th (monthly) 31.00 strike put Sell to open:  BKR March 15th (monthly) 29.00 strike put Debit: 0.67 Max risk = 0.67 or $67.00 per spread Max reward = 1.33 or $133.00 per spread