🛒 XLY: $10.4M Put Calendar Spread — Institution Buys 5 Months of Consumer Discretionary Protection

Institutional whale drops $10.4M on XLY options. An institution just executed a textbook put calendar spread on XLY — simultaneously buying 22,999 contracts of the September $102.5 put for $8.2M while selling 22,999 contracts of Full analysis inside.