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SPY Unusual Activity $6M puts purchased after market close.

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Continuous 11 Green days for the SPY has placed spy in a Very Extended territory and it is looks ready to let out some steam.

Stochastics are crossing over. We also have a gap to fill down and retest 20 day SMA.

SPY Targets 1-2 weeks out $400.70
Consider $405 Puts April 19th

Unusual options activity spotted.
Big puts order flow after market close. About $6M approx. 10,000 contracts @ 5.75 above OI 7,240 June 18th $391 strikes.

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Please comment below your thoughts and your personal target's for SPY into next week.

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