Watch These 7 Huge Put Purchases In Tuesday 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.

• Scripps Networks Interactive, Inc. SNI Feb 75.0 Puts: 2500 @ ASK $2.30: 2500 traded vs 1 OI: Earnings 2/23 Before Open (est) $75.30 Ref
• Signet Jewelers Ltd. SIG Apr 70.0 Puts: 2000 @ ASK $2.65: 2102 traded vs 47 OI: Earnings 3/9 Before Open $80.52 Ref
• Mallinckrodt PLC MNK Jan 46.0 Puts Sweep: 1931 @ ASK $0.45: 1931 traded vs 43 OI: Earnings 2/7 Before Open $51.10 Ref
• Marathon Petroleum Corp MPC Feb 45.0 Puts Sweep: 10171 @ Above Ask! $1.119: 12k traded vs 4201 OI: Earnings 2/1 Before Open $48.16 Ref
• Fiat Chrysler Automobiles NV FCAU Jan 9.0 Puts Sweep: 990 @ ASK $0.15: 5527 traded vs 2643 OI: Earnings 1/25 Before Open (est) $9.54 Ref
• Newell Brands Inc NWL Feb 47.0 Puts Sweep: 674 @ ASK $1.60: 1125 traded vs 9 OI: Earnings 2/6 Before Open $47.01 Ref
• Exelixis, Inc. EXEL Feb 18.0 Puts Sweep: 653 @ ASK $1.55: 3560 traded vs 11k OI: Earnings 2/28 After Close (est) $19.18 Ref