Watch These 8 Huge Put Purchases In Friday 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 Thursday’s regular session.

• Valeant Pharmaceuticals Intl Inc (NYSE: VRX) Jun 30th 17.0 Puts: 3425 @ ASK $0.35: 13k traded vs 15k OI: Earnings 8/8 Before Open (est) $17.04 Ref
• Snap Inc (NYSE: SNAP) Jul 14th 18.0 Puts: 5810 @ ASK $1.00: 5910 traded vs 8730 OI: Earnings 8/9 After Close (est) $17.98 Ref
• Oclaro, Inc. (NASDAQ: OCLR) Aug 10.0 Puts: 3635 @ ASK $1.45: 4055 traded vs 11k OI: Earnings 8/1 After Close (est) $9.34 Ref
• CBRE Group Inc (NYSE: CBG) Dec 33.0 Puts: 1266 @ ASK $1.05: 1500 traded vs 26 OI: Earnings 7/27 Before Open (est) $37.04 Ref
• Cara Therapeutics Inc (NASDAQ: CARA) Jul 20.0 Puts: 1000 @ ASK $1.35: 1274 traded vs 6975 OI: Earnings 8/3 After Close (est) $25.77 Ref
• Lululemon Athletica inc. (NASDAQ: LULU) Sep 42.5 Puts: 990 @ ASK $0.24: 1004 traded vs 3914 OI: Earnings 8/31 After Close (est) $58.93 Ref
• MGM Resorts International (NYSE: MGM) Jun 30th 33.5 Puts Sweep: 500 @ ASK $0.23: 1000 traded vs 92 OI: Earnings 8/3 Before Open (est) $33.58 Ref
• Activision Blizzard, Inc. (NASDAQ: ATVI) Jul 7th 55.5 Puts Sweep: 500 @ ASK $0.29: 500 traded vs 1 OI: Earnings 8/3 After Close (est) $57.55 Ref