SPX November 675 Puts Opened (S&P Futures, $SPY)
9/08/2010 02:19:00 PM
According to Brenna at OptionMonster TV (video at Dr. Js Blog), 25,000 SPX November 675 Puts opened yesterday (September 7). The trade was 38% out of the money and $2.7 billion in notional value! See the video here. Is someone protecting against market turbulence going into the mid-term elections? I wrote yesterday that SPY (S&P 500 ETF) was preparing to make a big move out of that symmetrical triangle. She also talked about option activity in $FXI (China ETF). *Also check out this Mr. Top Step vs. Top Notch video from the CME today.
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