Watch These 7 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.

• SandRidge Permian Trust (NYSE: PER) Nov16 2.5 Puts Sweep: 530 @ ASK $0.05: 530 traded vs 21 OI: Earnings today Before Open (est) $3.20 Ref
• Tailored Brands Inc (NYSE: TLRD) Dec16 15.0 Puts Sweep: 1534 @ ASK $1.249: 1534 traded vs 110 OI: Earnings 12/7 After Close (est) $15.62 Ref
• Gap Inc (NYSE: GPS) Fri 11/11 26.5 Puts (Wkly): 2900 @ ASK $0.72: 3040 traded vs 83 OI: Earnings 11/17 After Close $26.79 Ref
• Valeant Pharmaceuticals Intl Inc (NYSE: VRX) Fri 11/11 14.0 Puts (Wkly) Sweep: 3058 @ ASK $0.20: 5512 traded vs 418 OI: Earnings Today Before Open $19.14 Ref
• Plains GP Holdings LP (NYSE: PAGP) Dec16 11.0 Puts: 2090 @ ASK $0.40: 2090 traded vs 16 OI: Earnings 2/8 After Close (est) $11.80 Ref
• Fifth Third Bancorp (NASDAQ: FITB) Nov16 21.0 Puts: 2033 @ ASK $0.21: 3108 traded vs 329 OI: Earnings 1/19 Before Open (est) $21.76 Ref
• Marriott International Inc (NASDAQ: MAR) Fri 11/11 67.5 Puts (Wkly): 1396 @ ASK $0.25: 1682 traded vs 2059 OI: Earnings today After Close $70.79 Ref