SPY S&P 500 ETF Options Chain

I have monitored the options chain of SPY in the past 2 months and I noticed some big Puts positions that are recurring, regardless of the price:
2023-3-17 expiration date
$386 strike price
($2.53 premium now)
I don`t know that it has something to to with the higher than expected inflation, continuation of the interest rate hikes, the P/E ratio of 21.80 for SPX (quite high), or the war in Ukraine.
But options traders are quite bearish on SPY S&P 500 ETF for the upcoming month.

Looking forward to read your opinion about it!

עסקה פעילה:

SPY trading at $396.25 intraday. Puts at $3.13 at close, though a lot higher intraday. Still a decent 25% gain.

עסקה סגורה: היעד הושג:

Target reached! SPY trading at $384.33 intraday and puts are now $6.18 from $2.53 when i wrote this article.
A decent 2.45% gain!
Congrats for all of you who took the position!