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.

• Kate Spade & Co KATE Apr17 17.0 Calls: 15000 @ ASK $1.45: 15k traded vs 350 OI: Earnings 3/1 Before Open (est) $15.50 Ref
• Paypal Holdings Inc PYPL Jul17 42.0 Calls: 3500 @ ASK $2.70: 3502 traded vs 500 OI: Earnings 1/26 After Close (est) $39.99 Ref
• United Parcel Service, Inc. UPS 12/30 119 Calls (Wkly): 644 @ ASK $0.71: 1003 traded vs 22 OI: Earnings 1/31 Before Open $116.42 Ref
• Nike Inc NKE Dec16 52.0 Calls: 3500 @ ASK $0.37: 3648 traded vs 197 OI: Earnings 12/22 After Close (est) $50.95 Ref
• Alexion Pharmaceuticals, Inc. ALXN Fri 12/2 124 Calls (Wkly) Sweep: 500 @ ASK $2.35: 1035 traded vs 7 OI: Earnings 2/2 Before Open (est) $122.50 Ref
• Restoration Hardware Holdings Inc RH Dec16 38.0 Calls: 600 @ ASK $2.10: 600 traded vs 20 OI: Earnings 12/8 After Close (est) $36.58 Ref
• Symantec Corporation SYMC Jan18 31.0 Calls Sweep: 987 @ ASK $0.90: 987 traded vs 15k OI: Earnings 2/2 After Close (est) $24.33 Ref