Someone Loading Up on SPY Aug Puts? Or Just Hedging. Don't Break Trend!

Check out the PUT v. CALL volume on the $SPY August option chain. Are traders loading up here for volatility or are these funds getting hedged out of the money. I wish I knew, but it is possible a correction overshoots and these options make some money if bought-to-open by August expiration. $SPY is at 91.73 right now.


SPY AUG Option Chain (Yahoo Finance)

SPY AUG 87.00 PUT , 2 Day (Optionsxpress.com)


 DON'T BREAK THIS TREND $SPY! (Optionsxpress)