Trade Alert 7/19/2023 #3

We are adding multiple bearish hedges/trades as follows: Sold short: QQQ 35 shares at 385.13 Buy to cover stop-loss above at 389.87 gtc (good til canceled) Bought a put spread in Z as follows Buy to open:  Z Sep 15th (monthly) 55.00 strike put Sell to open:  Z Sep 15th (monthly) 45.00 strike put Debit: 3.15 Max risk = 3.15 or $315.00 per spread Max reward = 6.85 or $685.00 per spread Bought a put spread in CVX as follows Buy to open:  CVX Sep 15th (monthly) 150.00 strike put Sell to open:  CVX Sep 15th (monthly) 140.00 strike put Debit: 2.27 Max risk = 2.27 or $227.00 per spread Max reward = 7.73 or $773.00 per spread Bought a put butterfly in SPY as follows Buy to open:  SPY July 28th (weekly) 453.00 strike put (ratio of 1) Sell to open:  SPY July 28th (weekly) 445.00 strike put (ratio of 2) Buy to open:  SPY July 28th (weekly) 437.00 strike put (ratio of 1) Debit: 1.34 Max risk = 1.34 or $134.00 per spread Max reward = 6.66 or $666.00 per spread