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Someone purchased 24,000 SPX weekly puts with strike point at 1150. That's a 20% decline from current levels. The index needs to drop 10% to even make profit on this trade. The put expires next Friday, so, whichever institution just made that bet better hope for a huge 10% decline in 7 days, or lose that capital. Interesting to see that up there. Not sure what to make of such a put-play.
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