Watch These 8 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.

• Delta Air Lines, Inc. DAL Fri 7/1 37.0 Puts (Wkly) Sweep: 1406 @ ASK $0.44: 1770 traded vs 163 OI: Earnings 7/20 $38.67 Ref
• Metlife Inc MET Fri 6/24 42.0 Puts (Wkly) Sweep: 2969 @ ASK $0.31: 2983 traded vs 75 OI: Earnings 8/3 $42.84 Ref
• Starbucks Corporation SBUX Fri 6/24 56.5 Puts (Wkly) Sweep: 2292 @ ASK $0.91: 2293 traded vs 139 OI: Earnings 7/21 After Close $55.76 Ref
• Yandex NV YNDX Jul16 20.0 Puts: 706 @ ASK $0.45: 2300 traded vs 49 OI: Earnings 8/4 $21.42 Ref
• International Business Machines Corp. IBM Fri 7/22 152.5 Puts (Wkly) Sweep: 2914 @ ASK $3.60: 3016 traded vs 72 OI: Earnings 7/18 After Close $154.19 Ref
• General Motors Company GM Fri 6/24 29.5 Puts (Wkly) Sweep: 2500 @ ASK $0.33: 2512 traded vs 418 OI: Earnings 7/28 $29.50 Ref
• Caterpillar Inc. CAT Aug16 72.5 Puts Sweep: 829 @ ASK $2.00: 905 traded vs 3565 OI: Earnings 7/28 $76.42 Ref
• Tenaris SA (ADR) TS Aug16 27.5 Puts Sweep: 842 @ ASK $1.30: 842 traded vs 0 OI: Earnings 8/3 $28.40 Ref