🐋 XLB: $11.5M Put Structure Hits the Tape -- Someone Just Built a Massive Materials Hedge!

$11.5M institutional options flow on XLB. Someone just dropped $11.5M in total premium across a 3-leg put structure on XLB (Materials Select Sector SPDR Fund) -- all hitting at the exact same second. The anchor trade is a 60,000-contract $.... Full breakdown inside.