Backing Up The Truck On SPY April Puts
Is that a tent in the cumulative volume chart of the SPY April 130 Puts or is some investor just happy to see the supposed end of QE2? Either way, no better time to hedge against a market collapse in the next 2 weeks than when the VIX is (as usual) dropping. Someone has purchased 249,420 lots, or a $12 MM bet the SPY will slide notably by the 15th.
Pretty steady accumulation throughout the day?
And total volume for the April 130s
h/t Andrew Yorks
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