Watch These 7 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.

• Devon Energy Corp DVN Fri 8/5 37.0 Puts (Wkly) Sweep: 590 @ ASK $1.19: 703 traded vs 29 OI: Earnings 8/2 After Close $37.39 Ref
• Public Service Enterprise Group Inc. PEG Aug16 45.0 Puts: 9078 @ ASK $0.65: 10k traded vs 250 OI: Earnings 7/29 Before Open $45.83 Ref
• SYSCO Corporation SYY Sep16 50.0 Puts Sweep: 529 @ ASK $0.70: 1285 traded vs 19 OI: Earnings 8/15 Before Open $51.94 Ref
• Cliffs Natural Resources Inc CLF Aug16 6.5 Puts Sweep: 9962 @ ASK $0.25: 10k traded vs 704 OI: Earnings 7/28 Before Open $7.56 Ref
• NXP Semiconductors NV NXPI 7/29 86.0 Puts (Wkly): 1450 @ Above Ask! $2.60: 1500 traded vs 8 OI: Earnings tmrrw After Close $86.49 Ref
• Cimpress NV CMPR Aug16 100 Puts Sweep: 668 @ ASK $7.30: 668 traded vs 0 OI: Earnings tmrrw After Close $97.60 Ref
• Dollar General Corp. DG Jan17 87.5 Puts Sweep: 674 @ ASK $3.10: 674 traded vs 78 OI: Earnings 8/25 $96.56 Ref