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To: ajtj99 who wrote (92306)1/3/2009 2:35:35 PM
From: Sr K  Respond to of 116555
 
>>Wow, 148,967 Dec. 2010 SPY puts purchased yesterday <<

That was total volume in CYUXC, the Dec 55 (2010) Puts.
Day's Range: 4.00 - 4.85

You can't possibly know they were all purchased, and I am sure they were not all purchased.

Even if they were in large part purchased, by one insurer, it is likely that it hedged other liabilities, such as annuities with guarantees tied to the S&P 500 (or a similar index).