Watch These 7 Huge Put Purchases In Thursday 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 Wednesday’s regular session.

• Devon Energy Corp DVN Sep16 40.0 Puts Sweep: 1676 @ ASK $0.97: 3698 traded vs 947 OI: $42.91 Ref
• Hilton Worldwide Holdings Inc HLT Aug16 24.0 Puts Sweep: 1058 @ ASK $0.10: 6155 traded vs 1312 OI: $24.25 Ref
• First Solar, Inc. FSLR Fri 9/23 36.0 Puts (Wkly): 550 @ Above Ask! $1.40: 1110 traded vs 15 OI: $37.45 Ref
• Rackspace Hosting, Inc. RAX Sep16 27.0 Puts Sweep: 1013 @ ASK $1.40: 1013 traded vs 85 OI: $28.04 Ref
• Tidewater Inc. TDW Oct16 2.5 Puts Sweep: 575 @ ASK $0.25: 575 traded vs 1210 OI: $3.25 Ref
• Portola Pharmaceuticals Inc PTLA Aug16 17.5 Puts: 500 @ ASK $0.65: 809 traded vs 1935 OI: $23.62 Ref
• Yandex NV YNDX Aug16 22.5 Puts Sweep: 778 @ ASK $0.20: 778 traded vs 2843 OI: $22.91 Ref