Watch These 5 Huge Put Purchases In Monday 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 Friday’s regular session.

• SunPower Corporation SPWR Jan17 7.0 Puts Sweep: 1467 @ ASK $1.08: 1467 traded vs 194 OI: Earnings 10/26 $7.53 Ref
• GoPro Inc GPRO Fri 9/23 15.0 Puts (Wkly): 1676 @ ASK $0.92: 3155 traded vs 233 OI: Earnings 10/26 $14.84 Ref
• Varian Medical Systems, Inc. VAR Oct16 95.0 Puts Sweep: 663 @ ASK $1.85: 1000 traded vs 115 OI: Earnings 10/26 $95.57 Ref
• Intra-Cellular Therapies Inc ITCI Nov16 35.0 Puts: 900 @ ASK $6.40: 1010 traded vs 73 OI: Earnings 11/3 $44.42 Ref
• Alcoa Inc AA Fri 10/28 8.5 Puts (Wkly) Sweep: 2264 @ ASK $0.22: 3874 traded vs 35 OI: Earnings 10/10 After Close $9.39 Ref