Watch These 5 Huge Put Purchases In Thursday 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 Wednesday’s regular session.

• Square Inc (NYSE: SQ) May 17.0 Puts Sweep: 808 @ ASK $0.65: 5879 traded vs 1782 OI: $18.17 Ref
• Avon Products, Inc. (NYSE: AVP) May 4.5 Puts Sweep: 999 @ ASK $0.25: 3000 traded vs 401 OI: Earnings Today Before Open $4.62 Ref
• Cirrus Logic, Inc. (NASDAQ: CRUS) Jun 65.0 Puts Sweep: 1740 @ ASK $3.70: 2000 traded vs 526 OI: $64.79 Ref
• Shake Shack Inc (NYSE: SHAK) May 5th 32.0 Puts Sweep: 558 @ ASK $0.65: 1004 traded vs 166 OI: Earnings Today After Close $33.35 Ref
• American International Group Inc (NYSE: AIG) May 12th 60.0 Puts Sweep: 1001 @ ASK $0.59: 1003 traded vs 42 OI: $61.55 Ref