Watch These 7 Huge Put Purchases In Tuesday 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 Monday’s regular session.

• Snap Inc SNAP May 19 $21.50 Put Sweep at the Ask: Volume of ~17,800 at $0.90/Contract vs Open Interest 108
• J C Penney Company Inc JCP Fri. $5 Puts at the Ask: Volume of 7,000 at $0.141/Contract vs Open Interest of 483
• BP plc (ADR) BP Fri. $36 Puts at the Ask: Volume of 3,745 at $1.301/Contract vs Open Interest of 50
• Electronic Arts Inc. EA May 19 $94 Put Sweep at the Ask: Volume of 3,080 at $1.69/Contract vs Open Interest 512
• Charles Schwab Corp SCHW May 19 Weekly $39.50 Puts at the Ask: Volume of 2,000 at $0.55/Contract vs Open Interest 28
• Diageo plc (ADR) DEO Jan. '19 $115 Puts at the Ask: Volume of 2,000 at $4/Contract vs Open Interest 194
• Ionis Pharmaceuticals Inc IONS May 12 Weekly $47 Puts at the Ask: Volume of 1,450 at $2.65/Contr
• act vs Open Interest of 1