Watch These 7 Huge Call 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.

• First Horizon National Corp (NYSE: FHN) Aug16 13.0 Calls Sweep: 819 @ ASK $0.70: 1001 traded vs 24 OI: Earnings 7/15 Before Open $13.12 Ref
• Groupon Inc (NASDAQ: GRPN) Jan17 5.0 Calls: 500 @ ASK $0.20: 554 traded vs 3894 OI: Earnings 8/5 $3.23 Ref
• Wal-Mart Stores, Inc. (NYSE: WMT) Aug16 75.0 Calls Sweep: 2999 @ ASK $0.94: 4692 traded vs 12k OI: Earnings 8/18 Before Open $73.34 Ref
• PepsiCo, Inc. (NYSE: PEP) Jul16 111 Calls Sweep: 753 @ ASK $0.15: 753 traded vs 0 OI: Earnings 7/7 Before Open $106.72 Ref
• Novavax, Inc. (NASDAQ: NVAX) Jan17 7.0 Calls: 517 @ ASK $2.40: 568 traded vs 14k OI: Earnings 8/8 $7.28 Ref
• Pan American Silver Corp. (USA) (NASDAQ: PAAS) Aug16 22.0 Calls Sweep: 500 @ ASK $0.29: 588 traded vs 10 OI: Earnings 8/11 $17.74 Ref
• ArcelorMittal SA (ADR) (NYSE: MT) Jul16 5.0 Calls Sweep: 1675 @ ASK $0.13: 15k traded vs 4760 OI: Earnings 7/29 $4.78 Ref