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HUGE SPY trade hits!
August 14, 2009 Fri 10:19 AM CT

It's not every day you see a 448,000 lot, but today we have.

This morning brings the single largest trade I have ever seen -- approaching 900,000 contracts -- in a complex volatility play.

In one trade of single blocks, executed all at the same time, an institutional trader sold 448,014 of the S&P 500 ETF (SPY) August 100 calls for 1.39, bought 298,676 of the October...


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