Watch These 8 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.

• Sears Holdings Corp SHLD Mar 5.0 Puts Sweep: 1006 @ ASK $0.41: 1090 traded vs 26k OI: Earnings 2/23 Before Open (est) $6.41 Ref
• Chicago Bridge & Iron Company N.V. CBI Mar 30.0 Puts Sweep: 794 @ ASK $0.70: 1014 traded vs 84 OI: Earnings 2/23 Before Open (est) $32.74 Ref
• Abercrombie & Fitch Co. ANF Mar 11.0 Puts Sweep: 800 @ ASK $0.83: 800 traded vs 2100 OI: Earnings 3/2 Before Open (est) $11.43 Ref
• Best Buy Co Inc BBY Mar 3rd 41.5 Puts Sweep: 579 @ ASK $1.36: 582 traded vs 9 OI: Earnings 3/1 Before Open $43.74 Ref
• Gentex Corporation GNTX Mar 12.5 Puts Sweep: 1714 @ ASK $0.15: 1714 traded vs 5047 OI: Earnings 4/20 Before Open (est) $20.28 Ref
• Lumentum Holdings Inc LITE Feb 40.0 Puts: 534 @ ASK $1.40: 1229 traded vs 22 OI: Earnings today After Close $40.97 Ref
• Cerner Corporation CERN Mar 52.5 Puts Sweep: 1335 @ ASK $1.75: 1355 traded vs 143 OI: Earnings 2/9 After Close $53.52 Ref
• Skechers USA Inc SKX Mar 22.0 Puts Sweep: 500 @ ASK $1.143: 519 traded vs 22 OI: Earnings 2/9 After Close $22.77 Ref