Watch These 3 Huge Put 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.

• Yelp Inc YELP May 12th 34.0 Puts Sweep: 1125 @ ASK $2.744: 1305 traded vs 1 OI: Earnings 5/4 After Close [est] $33.40 Ref
• Ocwen Financial Corp OCN Oct17 4.0 Puts Sweep: 500 @ ASK $1.90: 500 traded vs 504 OI: Earnings 5/3 Before Open $2.36 Ref
• Valeant Pharmaceuticals Intl Inc VRX May 9 Put @Bid @$1.07; Ref=$8.56