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.

• Snap Inc SNAP Jul 20.0 Puts Sweep: 3884 @ ASK $2.60: 3968 traded vs 7335 OI: Earnings 8/9 After Close [est] $18.43 Ref
• Vereit Inc VER Jan18 7.0 Puts Sweep: 1699 @ ASK $0.50: 9517 traded vs 31k OI: Earnings 8/2 Before Open [est] $7.56 Ref
• Continental Resources, Inc. CLR Jun 39.0 Puts Sweep: 2209 @ ASK $0.80: 2210 traded vs 163 OI: Earnings 8/2 After Close [est] $42.03 Ref
• Ascena Retail Group Inc ASNA Jun 3.0 Puts Sweep: 1000 @ ASK $0.234: 1000 traded vs 310 OI: Earnings 5/31 After Close [est] $3.32 Ref
• Lands' End, Inc. LE Jun 20.0 Puts Sweep: 1273 @ ASK $1.05: 1273 traded vs 988 OI: Earnings 5/31 Before Open [est] $20.80 Ref