While the equity put/call ratio is as extreme as ever, this trader purchased 23,000 of 10 July’20 $300 puts on SPY betting $8m that SPY will drop below $300 during the next 30 days.

While the equity put/call ratio is as extreme as ever, this trader purchased 23,000 of 10 July'20 $300 puts on SPY betting $8m that SPY will drop below $300 during the next 30 days. Volume is > than Open Interest = new position established today. pic.twitter.com/IWXYkoIK3Q

— Yuriy Matso (@yuriymatso) June 11, 2020