Watch These 5 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.

• Arconic Inc ARNC Dec16 20.0 Puts Sweep: 2060 @ ASK $0.10: 4580 traded vs 4182 OI: Earnings 1/31 After Close $21.17 Ref
• Abercrombie & Fitch Co. ANF Fri 1/13 14.0 Puts (Wkly) Sweep: 685 @ ASK $0.509: 1717 traded vs 1 OI: Earnings 3/2 Before Open (est) $14.60 Ref
• Alere Inc ALR Feb17 32.0 Puts: 535 @ ASK $1.60: 576 traded vs 12k OI: Earnings 2/7 Before Open (est) $37.97 Ref
• PepsiCo, Inc. PEP Dec16 104 Puts Sweep: 540 @ ASK $0.25: 663 traded vs 333 OI: Earnings 2/9 Before Open (est) $105.40 Ref
• Synergy Pharmaceuticals Inc SGYP Apr17 3.5 Puts: 1389 @ ASK $0.45: 1400 traded vs 1702 OI: Earnings 2/23 After Close (est) $4.94 Ref