Watch These 4 Huge Put Purchases In Thursday 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 Wednesday’s regular session.

• Fred's, Inc. FRED Dec16 10.0 Puts Sweep: 6000 @ ASK $0.398: 6034 traded vs 60 OI: Earnings tmrrw After Close $10.80 Ref
• Swift Transportation Co SWFT Dec16 26.0 Puts Sweep: 584 @ ASK $0.35: 1021 traded vs 35 OI: Earnings 1/23 After Close (est) $26.82 Ref
• BorgWarner Inc. BWA Dec16 40.0 Puts Sweep: 1000 @ ASK $0.55: 1078 traded vs 0 OI: Earnings 2/9 Before Open (est) $40.96 Ref
• Best Buy Co Inc BBY Fri 1/13 47.0 Puts (Wkly) Sweep: 2084 @ ASK $1.59: 2084 traded vs 414 OI: Earnings 2/23 Before Open (est) $47.67 Ref