Paper traded two blocks of the July XLK 55 puts and?sold the Sep XLK 50/55 put spread.
Earlier today, the Technology Select Sector SPDR Fund (XLK) was trading at $55.33. At the time, paper traded two blocks of the July XLK 55 puts, one block of 7,426 for $1.11 and the other block of 7338 for $1.09. The trades were executed near the bid indicating a possible sale.
Since OI on this strike is 16k, this is most likely closing out this position.
In addition, paper also sold the Sep XLK 50/55 put spread, selling the 55 puts for $1.84 and buying the 50 puts for $.61. OI on these are 21k and 90k, respectively.
Sector SPDR Trust SBI Interest, formerly Technology Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Technology Select Sector of the S&P 500 Index.