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

• Tripadvisor Inc TRIP Aug 37.0 Puts: 858 @ ASK $2.75: 2006 traded vs 269 OI: Earnings 8/3 After Close (est) $37.12 Ref
• Cognizant Technology Solutions Corp CTSH Jul 14th 64.0 Puts Sweep: 1180 @ ASK $0.60: 1180 traded vs 0 OI: Earnings 8/3 Before Open (est) $66.66 Ref