Watch These 5 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.

• Cognizant Technology Solutions Corp CTSH Jun 9th 67.0 Puts Sweep: 1464 @ ASK $0.25: 1465 traded vs 17 OI: Earnings 8/3 Before Open (est) $67.72 Ref
• Array Biopharma Inc ARRY Jun 8.0 Puts Sweep: 1200 @ ASK $0.40: 1701 traded vs 5031 OI: Earnings 8/3 Before Open (est) $8.09 Ref
• Francesca's Holdings Corp FRAN Jul 11.0 Puts Sweep: 660 @ ASK $0.60: 660 traded vs 0 OI: Earnings Today Before Open $12.14 Ref
• Apple Inc. AAPL Jun 140 Put; 2103 @Bid @$0.06; Ref=$153.81
• Mallinckrodt PLC MNK Jun 9th 35.0 Puts: 560 @ ASK $0.15: 1050 traded vs 25 OI: Earnings 8/8 Before Open (est) $39.72 Ref