Watch These 8 Huge Call Purchases In Monday 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.

• Snap Inc SNAP Mar 31st 24.0 Calls Sweep: 9306 @ ASK $0.35: 11k traded vs 977 OI: Earnings 5/4 Unspecified (est) $22.53 Ref
• Sprint Corp S Jun 10.0 Calls: 14000 @ ASK $0.25: 14k traded vs 2823 OI: Earnings 5/2 Before Open (est) $8.48 Ref
• Array Biopharma Inc ARRY May 10.0 Calls: 4850 @ ASK $0.90: 4852 traded vs 110 OI: Earnings 5/9 Before Open (est) $9.42 Ref
• Summit Materials Inc SUM May 22.5 Calls Sweep: 3258 @ ASK $1.75: 4072 traded vs 4 OI: Earnings 5/4 Before Open (est) $22.93 Ref
• Versum Materials Inc VSM Mat Jun 30.0 Calls: 7000 @ ASK $1.85: 7000 traded vs 398 OI: Earnings 5/8 Before Open (est) $30.29 Ref
• Cheetah Mobile Inc (ADR) CMCM Apr 12.0 Calls Sweep: 2234 @ ASK $0.421: 2305 traded vs 195 OI: Earnings 5/18 Before Open (est) $11.49 Ref
• Gogo Inc GOGO May 10 Call; 2000 @Bid @$1.40; Ref= $10.93
• Ciena Corporation CIEN Jun 25.0 Calls Sweep: 1956 @ ASK $1.11: 1956 traded vs 27 OI: Earnings 6/1 Before Open (est) $23.62 Ref