Trade Alert 11/7/2023

We want to add a bearish hedge trade on Target (TGT) as follows: Buy to open:  TGT Nov 17th (monthly) 110.00 strike put (ratio of 1) Sell to open:  TGT Nov 17th (monthly) 100.00 strike put (ratio of 2) Buy to open:  TGT Nov 17th (monthly) 90.00 strike put (ratio of 1) Debit: 2.23 Max Risk = 2.23 or $223.00 per spread Max Reward = 7.77 or $777.00 per spread