Watch These Huge Put Purchases In Friday 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 Thursday’s regular session.

• Fred's, Inc. FRED Jul 12.5 Puts Sweep: 3000 @ ASK $1.576: 3020 traded vs 473 OI: Earnings 5/25 Before Open (est) $13.60 Ref
• CarMax, Inc KMX Jan18 50.0 Puts: 1000 @ ASK $2.50: 1000 traded vs 4130 OI: Earnings 6/21 Before Open $63.98 Ref