Watch These 5 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.

• Valeant Pharmaceuticals Intl Inc VRX Apr 8.5 Puts Sweep: 2000 @ ASK $0.05: 2007 traded vs 613 OI: Earnings 5/9 Before Open $9.12 Ref
• Wal-Mart Stores Inc WMT June $72.5 Put; 5000 @Bid @ $1.56; Ref=$73.70
• Galectin Therapeutics Inc GALT Oct17 2.0 Puts Sweep: 550 @ ASK $0.50: 570 traded vs 161 OI: Earnings 5/12 Before Open [est] $3.06 Ref
• Gentex Corporation GNTX May 20.0 Puts Sweep: 519 @ ASK $0.65: 519 traded vs 344 OI: Earnings 4/21 Before Open $20.20 Ref
• Equity Residential EQR Jul 21 $57.5 Puts Sweep (37) at the ask: 1000 @ 0.769 vs 389 OI; Ref=$64.47