Watch These 5 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.

• Conagra Brands Inc CAG Sep 37.0 Puts: 3900 @ ASK $1.20: 5006 traded vs 109 OI: Earnings 6/29 Before Open [est] $38.67 Ref
• Paychex, Inc. PAYX Jun 60.0 Puts Sweep: 3001 @ ASK $1.699: 3002 traded vs 276 OI: Earnings 6/29 Before Open [est] $59.57 Ref
• Avis Budget Group Inc. CAR Jun 30.0 Puts Sweep: 1461 @ ASK $2.00: 1461 traded vs 2 OI: Earnings 5/3 After Close $30.86 Ref
• Transocean LTD RIG Aug 9.0 Puts: 705 @ ASK $0.32: 791 traded vs 2327 OI: Earnings 5/3 After Close $11.13 Ref
• Hertz Global Holdings, Inc HTZ Jul 17.5 Puts Sweep: 2859 @ ASK $2.099: 2862 traded vs 3257 OI: Earnings 5/8 After Close $17.13 Ref