Watch These 7 Huge Call Purchases In Wednesday Trade

Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Tuesday's regular session.

• Square Inc SQ Dec16 13.0 Calls Sweep: 2752 @ ASK $0.45: 3937 traded vs 15k OI: Earnings 11/2 $11.21 Ref
• American Electric Power Company Inc AEP Sep16 62.5 Calls Sweep: 1110 @ ASK $1.60: 1110 traded vs 4 OI: Earnings 10/27 $64.51 Ref
• Axovant Sciences Ltd AXON Feb 17 $22.5 Calls at the bid: 2500 @ 1.5 vs. Open Interest 1
• Melco Crown Entertainment Ltd (ADR) MPEL Apr 21 $19 Calls Sweep at the bid: 1139 @ 0.901 vs. Open Interest 0
• Micron Technology, Inc. MU Dec16 18.0 Calls: 2800 @ ASK $1.10: 5620 traded vs 2230 OI: Earnings 10/4 After Close $16.90 Ref
• Alcoa Inc AA Nov16 10.0 Calls Sweep: 1992 @ ASK $0.45: 2001 traded vs 990 OI: Earnings 10/10 After Close $9.57 Ref
• GoPro Inc GPRO Fri 9/23 15.0 Calls (Wkly): 2822 @ ASK $0.17: 3050 traded vs 683 OI: Earnings 10/26 $12.94 Ref