Watch These 5 Huge Put Purchases In Tuesday 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 Monday’s regular session.

• Abercrombie & Fitch Co. ANF Jan17 17.0 Puts: 1500 @ Above Ask! $0.70: 1500 traded vs 3661 OI: Earnings Today Before Open $22.96
• Geron Corporation GERN Oct16 2.0 Puts Sweep: 1500 @ ASK $0.10: 1500 traded vs 0 OI: $2.66 Ref
• Gap Inc GPS Fri 9/2 25.0 Puts (Wkly) Sweep: 511 @ ASK $0.24: 3042 traded vs 5932 OI: $26.45 Ref
• Mylan NV MYL Sep16 42.5 Puts Sweep: 500 @ ASK $1.39: 568 traded vs 3786 OI: $42.62 Ref
• Best Buy Co Inc BBY October $42 Puts Sweep at the bid: 970 @ 3.65 vs. Open Interest 136