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.

• Sarepta Therapeutics Inc SRPT Fri 8/5 10.0 Puts (Wkly) Sweep: 1460 @ ASK $0.10: 7455 traded vs 39k OI: $27.18 Ref
• Exelixis, Inc. EXEL Jan17 11.0 Puts Sweep: 4497 @ ASK $1.45: 4594 traded vs 0 OI: $11.42 Ref
• J C Penney Company Inc JCP Sep16 9.0 Puts Sweep: 3284 @ ASK $0.69: 3427 traded vs 819 OI: Earnings 8/12 Before Open $9.02 Ref
• Fitbit Inc FIT Nov16 15.0 Puts: 1241 @ ASK $2.10: 3021 traded vs 586 OI: $15.26 Ref
• Liberty Interactive Corp QVCA Aug16 27.0 Puts Sweep: 1473 @ ASK $0.85: 1476 traded vs 3510 OI: Earnings Today Before Open $26.76 Ref
• Cerner Corporation CERN Aug16 62.5 Puts Sweep: 700 @ ASK $0.20: 1700 traded vs 681 OI: $66.55 Ref
• Nike Inc NKE Fri 8/5 55.0 Puts (Wkly) Sweep: 849 @ ASK $0.28: 1001 traded vs 325 OI: Earnings 9/22 $54.98 Ref