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 Tuesday’s regular session.

• Express, Inc. EXPR Jun. Monthly $7 Put Sweep at the Bid: Volume of 3,090 at $0.201/Contract vs Open Interest 23
• Urban Outfitters, Inc. URBN May 26th 21.0 Puts Sweep: 500 @ ASK $1.15: 1024 traded vs 2 OI: Earnings Today After Close $20.96 Ref
• Target Corporation TGT May 26 Weekly $55 Puts at the Bid: Volume of ~1,950 at $1.23/Contract vs Open Interest in 243
• Tetraphase Pharmaceuticals Inc TTPH Aug 5.0 Puts Sweep: 1306 @ ASK $0.30: 1306 traded vs 109 OI: Earnings 8/3 After Close [est] $7.97 Ref
• Vipshop Holdings Ltd – ADR VIPS Jun. Monthly $15 Put Sweep at the Ask: Volume of 1,200 at 0.87/Contract vs Open Interest 6
• Uniti Group Inc UNIT Jun 22.5 Puts Sweep: 1115 @ ASK $0.35: 1117 traded vs 585 OI: Earnings 8/10 Before Open [est] $23.79 Ref
• Staples, Inc. SPLS May 8.5 Puts Sweep: 600 @ ASK $0.10: 860 traded vs 2050 OI: Earnings Today Before Open $9.28 Ref