SPY - Big buyer of May 150-145-140 put butterfly spread 18,500 x 37,000 x 18,500 times for 38 cents debit. Approx $703,000 bearish bet that S&P gradually goes to 1450 by May expiration.
making so much money today on my puts and tvix
SPY - Another 7500 x 15000 x 7500 of the same May 150-145-140 put butterfly spread bought for 38 cents.
puts beget more puts
when i see stuff like this i am happy to be in TVIX and SPY puts