Watch These 10 Huge Call 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.

• Horizon Pharma PLC (NASDAQ: HZNP) Aug16 20.0 Calls Sweep: 1000 @ ASK $0.85: 5511 traded vs 15k OI: Earnings 8/8 Before Open $17.74 Ref
• Wayfair Inc (NYSE: W) Aug16 45.5 Calls Sweep: 1000 @ ASK $2.65: 2591 traded vs 0 OI: Earnings 8/9 Before Open $44.41 Ref
• Medivation Inc (NASDAQ: MDVN) Sep16 70.0 Calls: 5000 @ ASK $1.00: 5153 traded vs 16k OI: Earnings 8/9 After Close $64.09 Ref
• Cree, Inc. (NASDAQ: CREE) Fri 8/5 29.0 Calls (Wkly) Sweep: 520 @ ASK $0.27: 1447 traded vs 61 OI: Earnings 8/16 After Close $28.50 Ref
• Kellogg Company (NYSE: K) Aug16 95.0 Calls Sweep: 500 @ ASK $0.20: 508 traded vs 11k OI: Earnings 8/4 Before Open $82.22 Ref
• Endurance International Group Hldgs Inc (NASDAQ: EIGI) Aug16 10.0 Calls: 525 @ ASK $0.25: 875 traded vs 50 OI: Earnings Today Before Open $8.97 Ref
• Godaddy Inc (NYSE: GDDY) Aug16 32.0 Calls Sweep: 1167 @ ASK $0.70: 1167 traded vs 82 OI: Earnings 8/3 After Close $29.97 Ref
• Square Inc (NYSE: SQ) Dec16 12.0 Calls: 500 @ ASK $0.60: 500 traded vs 11k OI: Earnings 8/3 After Close $10.16 Ref
• Williams Companies Inc (NYSE: WMB) Oct16 26.0 Calls Sweep: 804 @ ASK $0.57: 838 traded vs 71 OI: Earnings today After Close $22.64 Ref
• Centurylink Inc (NYSE: CTL) Aug16 33.0 Calls Sweep: 1188 @ ASK $0.30: 8719 traded vs 1281 OI: Earnings 8/3 After Close $30.97 Ref