Watch These 7 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.

• GNC Holdings Inc GNC Jan19 5.0 Puts: 4185 @ ASK $1.50: 4185 traded vs 302 OI: Earnings 2/9 Before Open (est) $9.09 Ref
• Gap Inc GPS Feb 24.0 Puts: 2500 @ ASK $0.89: 2524 traded vs 703 OI: Earnings 2/23 After Close $24.03 Ref
• RPC, Inc. RES Mar 20.0 Puts: 1150 @ ASK $0.70: 2345 traded vs 27 OI: Earnings tmrrw Before Open $21.50 Ref
• Himax Technologies, Inc. (ADR) HIMX Mar $5 Put; 3,000 @Bid @$0.25
• Infinera Corp. INFN Feb 10th 9.0 Puts: 500 @ ASK $0.80: 500 traded vs 0 OI: Earnings 2/9 After Close $8.76 Ref
• Coach Inc COH Feb $36 Put; 3902 @Bid @$1.05; Ref= $36.43
• Starbucks Corporation SBUX Jan 27th 56.0 Puts Sweep: 855 @ ASK $0.33: 1536 traded vs 883 OI: Earnings 1/26 After Close $57.82 Ref