Watch These 3 Huge Put Purchases In Monday 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 Friday’s regular session.

• J C Penney Company Inc JCP Aug 11 $5.5 Puts Sweep (24) at the Bid: 1405 @ $0.27 vs 163 OI; Ref=$5.52
• Knowles Corp KN Dec 15 $12.5 Puts Sweep (25) at the Ask: 753 @ $0.5 vs 25 OI; Ref=$15.2
• NVIDIA Corporation NVDA Jun 15 $135 Puts at the Bid: 600 @ $12.651 vs 12 OI; Ref=$163.1305