Watch These 7 Huge Put 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.

• Skechers USA Inc SKX Fri 9/23 24.0 Puts (Wkly): 840 @ Above Ask! $0.83: 900 traded vs 93 OI: $23.57 Ref
• MGM Resorts International MGM Fri $23 Puts at the bid: 15000 @ 0.71 vs. Open Interest 263
• Gilead Sciences, Inc. GILD Jun 16 $72.5 Puts at the bid: 2000 @ 5.651 vs. Open Interest 136
• Yelp Inc YELP Oct16 37.0 Puts Sweep: 1027 @ ASK $1.80: 1099 traded vs 1794 OI: Earnings 10/26 $37.32 Ref
• Oracle Corporation ORCL Fri $36 Puts at the bid: 3500 @ 0.631 vs. Open Interest 363
• General Electric Company GE Fri $35 Puts at the bid: 1500 @ 5.25 vs. Open Interest 11
• Facebook Inc FB Fri $125 Puts at the bid: 2500 @ 1.24 vs. Open Interest 1294