Watch These 7 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.

• Synergy Pharmaceuticals Inc SGYP Oct16 4.5 Puts Sweep: 3304 @ ASK $1.05: 3407 traded vs 25 OI: Earnings 8/8 $4.17 Ref
• CommVault Systems, Inc. CVLT Aug16 42.5 Puts: 1100 @ ASK $1.55: 1100 traded vs 0 OI: Earnings 7/26 Before Open $45.11 Ref
• Pier 1 Imports Inc PIR Dec16 6.0 Puts Sweep: 2978 @ ASK $1.25: 3040 traded vs 77 OI: $5.56 Ref
• Kate Spade & Co KATE Aug16 22.0 Puts: 17000 @ ASK $1.55: 20k traded vs 0 OI: Earnings 8/3 $22.01 Ref
• Wal-Mart Stores, Inc. WMT Fri 7/22 73.0 Puts (Wkly) Sweep: 3329 @ ASK $0.64: 3666 traded vs 12 OI: Earnings 8/18 Before Open $73.14 Ref
• Interval Leisure Group, Inc. IILG Sep16 12.5 Puts: 700 @ Above Ask! $0.06: 2344 traded vs 17k OI: Earnings 8/3 $17.03 Ref
• Pfizer Inc. PFE Jun17 30.0 Puts: 2500 @ ASK $0.97: 2533 traded vs 928 OI: Earnings 8/2 Before Open $36.08 Ref