Watch These 5 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.

• Papa John's Int'l, Inc. PZZA Aug 18 $80 Puts Sweep (6) at the Ask: 1500 @ $2.051 vs 43 OI; Ref=$80.565
• Oclaro, Inc. OCLR Fri $9.5 Puts Sweep (23) at the Ask: 1247 @ $0.551 vs 386 OI; Ref=$9.472
• Pure Storage Inc PSTG Aug 18 $12.5 Puts Sweep (41) at the Bid: 2000 @ $0.501 vs 1924 OI; Ref=$12.32
• Wells Fargo & Co WFC Fri $55.5 Puts Sweep (12) at the Ask: 806 @ $1.72 vs 212 OI; Ref=$53.79
• La Jolla Pharmaceutical Company LJPC Mar 16 $22 Puts Sweep (39) at the Bid: 667 @ $1.75 vs 0 OI; Ref=$30.19