Watch These 5 Huge Put Purchases In Wednesday 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 Tuesday’s regular session.

• Urban Outfitters, Inc. URBN Mar 16 $13 Puts Sweep (2) at the Bid: 1100 @ $0.801 vs 5 OI; Ref=$16.915
• Centurylink Inc CTL Oct 20 $20 Puts Sweep (44) at the Ask: 2849 @ $0.801 vs 427 OI; Ref=$21.3
• Ctrip.Com International Ltd (ADR) CTRP Dec 15 $48 Puts at the Bid: 500 @ $2.15 vs 303 OI; Ref=$51.56
• Sinclair Broadcast Group Inc SBGI Put Activity: Mar. $25 Puts Showing Volume Of 618 Contracts vs Open Interest Of 20
• Hertz Global Holdings, Inc HTZ Sep 15 $20 Puts Sweep (20) at the Bid: 596 @ $1.65 vs 400 OI; Ref=$20.04