Watch These 5 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 Friday’s regular session.

• MGM Resorts International MGM Jun 2nd 30.0 Puts Sweep: 3544 @ ASK $0.04: 3740 traded vs 268 OI: Earnings 8/3 Before Open (est) $31.77 Ref
• Hertz Global Holdings, Inc HTZ Oct 7.5 Puts Sweep: 2819 @ ASK $0.90: 2821 traded vs 797 OI: Earnings 8/7 After Close (est) $9.30 Ref
• Annaly Capital Management, Inc. NLY Aug 11.0 Puts Sweep: 714 @ ASK $0.14: 1320 traded vs 200 OI: Earnings 8/2 After Close (est) $11.82 Ref
• TiVo Corp TIVO Jun 15.0 Puts Sweep: 795 @ ASK $0.35: 845 traded vs 30 OI: Earnings 8/2 After Close (est) $16.45 Ref
• Norfolk Southern Corp. NSC Jun 2nd 121 Puts Sweep: 700 @ ASK $0.75: 700 traded vs 0 OI: Earnings 7/26 Before Open (est) $122.13 Ref