Trade Alert 11/3/2023 #2

We are entering a new bearish position in the Energy sector. Buy to open:  XLE Dec 15th (monthly) 87.00 strike put (ratio of 1) Sell to open: XLE Dec 15th (monthly) 82.00 strike put (ratio of 2) Buy to open:  XLE Dec 15th (monthly) 77.00 strike put (ratio of 1) Debit:  1.04 Max Risk = 1.04 or $104.00 per spread Max Reward = 3.96 or $396.00 per spread We are also entering into a new bearish position in QQQ. Buy to open:  QQQ Jan 19th, 2024 (monthly) 360.00 strike put (ratio of 1) Sell to open: QQQ Jan 19th, 2024 (monthly) 340.00 strike put (ratio of 2) Buy to open:  QQQ Jan 19th, 2024 (monthly) 320.00 strike put (ratio of 1) Debit:  2.38 Max Risk = 2.38 or $238.00 per spread Max Reward = 17.62 or $1,762.00 per spread