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.

• Eli Lilly and Co LLY Jun 77.5 Puts Sweep: 1000 @ ASK $1.008: 4230 traded vs 2903 OI: Earnings 7/25 Before Open $78.97 Ref
• Snap Inc SNAP Aug 25.0 Puts Sweep: 3097 @ ASK $5.90: 3097 traded vs 1 OI: Earnings 8/9 After Close (est) $20.34 Ref
• California Resources Corp CRC Jun 11.0 Puts Sweep: 1619 @ ASK $0.65: 1619 traded vs 336 OI: Earnings 8/3 After Close (est) $12.40 Ref
• Advanced Micro Devices, Inc. AMD May 11.5 Put; 5220 @Bid @$0.19; Ref =11.85
• Jack in the Box Inc. JACK May 90.0 Puts Sweep: 591 @ ASK $0.492: 1088 traded vs 3568 OI: $101.30 Ref