🐻 SPY $6.5M Bear Put Spread — Whale Bets S&P 500 Breaks $700 Before NFP on May 8

A whale just built a $6.5M tactical bear put spread on SPY into one of the densest catalyst windows of 2026 — mega-cap earnings, Fed meeting, and jobs report all stacked inside. Full thesis, breakeven, and retail playbook inside.