SPDR S&P 500 (SPY)

[photo4u]

When SPX/SPY was peaking yesterday into the final hour of trading, someone went out and placed a SPREAD TRADE on FEB 14 SPY CALLS which I can only see as being a STRADDLE, but I CAN NOT SEE it actually working:
BUY 500,000 272 CALLS @ 0.29
BUY 500,000 272.5 CALLS @ 0.24
I give a 2% chance for that trade to workout and a 5% chance that it makes 0.02 or better from the buy price. Because it's so large, they only need it to go to 0.30 & 0.25 to make a decent gain on it.