Watch These 7 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.

• Pilgrim's Pride Corporation PPC Sep 20.0 Puts Sweep: 1025 @ ASK $0.50: 11k traded vs 928 OI: Earnings 8/2 After Close (est) $22.81 Ref
• Trinity Industries Inc TRN Aug 24.0 Puts: 1000 @ ASK $0.70: 1000 traded vs 0 OI: Earnings 7/20 After Close (est) $26.32 Ref
• Snap Inc SNAP Oct 18 Put; 2000 @Bid @$3.30 Ref= $17.64
• Under Armour Inc UAA Jun 30th 20.5 Puts Sweep: 1000 @ ASK $0.31: 2000 traded vs 3128 OI: Earnings 7/25 Before Open (est) $21.03
• Weight Watchers International, Inc. WTW Jan 2019 17 Put; 5000 @Bid @$1.06; 5000; Ref =$31.92
• FireEye Inc FEYE Jun 23rd 15.0 Puts Sweep: 1336 @ ASK $0.03: 1770 traded vs 3956 OI: Earnings 8/3 After Close (est) $15.64 Ref
• Gap Inc GPS Jan 18 Put; 2800 @Bid @$0.73; Ref=$21.98