Watch These 5 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.

• Red Hat Inc RHT Dec 23rd 77.0 Puts: 995 @ ASK $0.80: 1333 traded vs 64 OI: $79.63 Ref
• Chemours Co CC Jan 21.0 Puts Sweep: 1441 @ ASK $0.95: 5432 traded vs 143 OI: Earnings 2/21 After Close (est) $23.03 Ref
• Apple Inc. AAPL Dec 23rd 115 Puts: 31500 @ Above Ask! $0.08: 33k traded vs 50k OI: Earnings 1/24 After Close (est) $117.06 Ref
• Fiat Chrysler Automobiles NV FCAU Jan 8.0 Puts: 500 @ ASK $0.10: 6371 traded vs 941 OI: Earnings 1/25 Before Open (est) $9.06 Ref
• Sprint Corp S Jan 8.5 Puts Sweep: 524 @ ASK $0.44: 1000 traded vs 10 OI: Earnings 1/24 Before Open (est) $8.44 Ref