Watch These Huge Put Purchases In Monday 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 Friday’s regular session.

• MeetMe Inc MEET Sep16 6.0 Puts Sweep: 1014 @ ASK $0.25: 1034 traded vs 31 OI: $7.43 Ref
• Sarepta Therapeutics Inc SRPT Aug16 8.0 Puts: 3600 @ Above Ask! $0.30: 17k traded vs 4564 OI: $25.18 Ref
• Sanofi SA (ADR) SNY Sep16 39.0 Puts Sweep: 961 @ ASK $0.65: 1265 traded vs 2045 OI: $40.19 Ref