Watch These 5 Huge Put Purchases In Monday 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.

• United States Steel Corporation X Jul 20.0 Puts Sweep: 5129 @ Above Ask! $0.51: 5212 traded vs 20k OI: Earnings 7/25 After Close $21.05 Ref
• Gigamon Inc GIMO Jul 37.5 Puts Sweep: 1000 @ ASK $0.70: 1030 traded vs 2924 OI: Earnings 7/27 After Close (est) $39.10 Ref
• Synchronoss Technologies, Inc. SNCR Sep 12.5 Puts Sweep: 755 @ ASK $0.55: 1205 traded vs 1909 OI: Earnings 7/11 Unspecified (est) $16.51 Ref
• Cara Therapeutics Inc CARA Feb18 7.5 Puts Sweep: 500 @ ASK $0.70: 500 traded vs 17 OI: Earnings 8/3 After Close (est) $13.73 Ref
• Omeros Corporation OMER Nov 12.0 Puts Sweep: 667 @ ASK $0.80: 700 traded vs 133 OI: Earnings 8/9 After Close (est) $18.97 Ref