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.

• HP Inc HPQ Nov 16.0 Puts Sweep: 7272 @ Above Ask! $0.549: 7272 traded vs 981 OI: Earnings 8/23 After Close (est) $17.75 Ref
• Fred's, Inc. FRED Oct 10.0 Puts Sweep: 1367 @ ASK $2.20: 1585 traded vs 14k OI: Earnings 8/30 Before Open (est) $9.82 Ref
• Western Digital Corp WDC Jul 82.5 Put; 6009 @Bid @$0.89; Ref=$90.37
• Superior Energy Services, Inc. SPN Aug 10.0 Puts Sweep: 663 @ ASK $1.60: 913 traded vs 59 OI: Earnings 7/25 After Close (est) $9.13 Ref
• Snap Inc SNAP Jun 30 17.5 Put; 3586 @Bid @$0.75; Ref= $17.27