Watch These 7 Huge Call 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.

• Paypal Holdings Inc PYPL Fri 7/1 36.5 Calls (Wkly): 500 @ ASK $0.20: 1093 traded vs 42 OI: Earnings 7/27 $35.11 Ref
• Calpine Corporation CPN Jan17 14.0 Calls: 5590 @ ASK $1.75: 5590 traded vs 0 OI: Earnings 8/4 $14.15 Ref
• Cypress Semiconductor Corporation CY Jul16 10.0 Calls Sweep: 4557 @ ASK $0.40: 7229 traded vs 45k OI: Earnings 7/28 $9.18 Ref
• Teva Pharmaceutical Industries Ltd (ADR) TEVA Sep16 60.0 Calls: 500 @ ASK $0.29: 2341 traded vs 31k OI: Earnings 8/4 $49.41 Ref
• Cabelas Inc CAB Aug16 50.0 Calls: 500 @ ASK $2.15: 1600 traded vs 176 OI: Earnings 7/28 $46.74 Ref
• Tempur Sealy International Inc TPX Aug16 60.0 Calls Sweep: 570 @ ASK $2.75: 1336 traded vs 66 OI: Earnings 8/4 $55.93 Ref
• Sprint Corp S Aug16 5.0 Calls Sweep: 1719 @ ASK $0.18: 2000 traded vs 4084 OI: Earnings 8/2 $4.32 Ref