Watch These 7 Huge Put Purchases In Wednesday 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 Tuesday’s regular session.

• Seagate Technology PLC STX Nov16 33.5 Puts Sweep: 1500 @ ASK $0.50: 1513 traded vs 226 OI: Earnings 1/27 Before Open (est) $34.61 Ref
• Cummins Inc. CMI Nov16 127 Puts Sweep: 612 @ ASK $1.55: 612 traded vs 20 OI: Earnings 2/2 Before Open (est) $131.31 Ref
• Wendys Co WEN Feb17 10.0 Puts: 12400 @ ASK $0.40: 13k traded vs 66 OI: Earnings Today Before Open $11.07 Ref
• SolarCity Corp SCTY Nov16 12.0 Puts: 1070 @ ASK $0.15: 1070 traded vs 2537 OI: Earnings Today After Close (est) $20.39 Ref
• Union Pacific Corporation UNP Nov16 89.0 Puts: 686 @ ASK $1.35: 1502 traded vs 319 OI: Earnings 1/19 Before Open (est) $89.77 Ref
• Alexion Pharmaceuticals, Inc. ALXN Fri 11/11 115 Puts (Wkly): 500 @ ASK $5.00: 1437 traded vs 203 OI: Earnings 2/2 Before Open (est) $118.21 Ref
• Alere Inc ALR Feb17 35.0 Puts: 4225 @ ASK $4.00: 8457 traded vs 3585 OI: Earnings 3/1 Before Open (est) $35.53 Ref