I saw on a couple of "woowoo" conspiracy theory type websites mention of impending doom because of high volume of deep in the money Sep SPY 700 calls. They mention that, like before 9/11, someone is betting that the S&P 500 will be cut in half within a few weeks. I went and checked and indeed the open interest on Sep SPY 700 calls is 61,730. Seems kind of odd. Can anyone explain this?