SPY bearish options today

2022년 2월 18일

I was monitoring the SPDR S&P 500 ETF Trust (ETF) options market and the puts are dominating the options today.
2/3 puts, 1/3 calls and some important dark pool prints sells.

My expectation is for a retracement at the $422 area, followed by a W shaped recovery.

Looking forward to read your opinion about it.