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.

• Citigroup Inc C Jul16 44.0 Puts Sweep: 10001 @ Above Ask! $0.39: 12k traded vs 825 OI: Earnings Today Before Open $44.72 Ref
• Ctrip.com International, Ltd. (ADR) CTRP Aug16 38.0 Puts Sweep: 1729 @ ASK $0.70: 4136 traded vs 241 OI: Earnings 8/1 $42.99 Ref
• Leidos Holdings, Inc. LDOS Aug16 70.0 Puts: 1000 @ Above Ask! $20.61: 3410 traded vs 29k OI: Earnings 7/28 Before Open $50.25 Ref
• The Coca-Cola Co KO 7/29 45.0 Puts (Wkly) Sweep: 3341 @ ASK $0.35: 3364 traded vs 6253 OI: Earnings 7/27 Before Open $45.93 Ref
• Sarepta Therapeutics Inc SRPT Fri 7/22 10.0 Puts (Wkly): 3990 @ ASK $1.00: 4057 traded vs 10k OI: Earnings 8/4 $20.24 Ref
• Cognizant Technology Solutions Corp CTSH Oct16 52.5 Puts Sweep: 1502 @ ASK $1.15: 2002 traded vs 70 OI: Earnings 8/3 $59.16 Ref
• Cavium Inc CAVM Aug16 41.0 Puts Sweep: 1470 @ ASK $3.20: 1470 traded vs 72 OI: Earnings 7/26 After Close $40.26 Ref