Watch These 8 Huge Put Purchases In Tuesday 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 Monday’s regular session.

• McDermott International MDR Apr 6.0 Puts Sweep: 1900 @ ASK $0.25: 2910 traded vs 0 OI: Earnings 5/4 Before Open (est) $6.55 Ref
• Vale SA (ADR) VALE Mar 24th 9.5 Puts: 6400 @ ASK $0.28: 15k traded vs 494 OI: Earnings 4/27 Before Open (est) $9.92 Ref
• Chicago Bridge & Iron Company N.V. CBI Jan19 35.0 Puts: 560 @ ASK $8.40: 1525 traded vs 93 OI: Earnings 4/26 After Close (est) $31.22 Ref
• Trinity Industries Inc TRN Mar 31st 26.5 Puts Sweep: 945 @ ASK $0.90: 946 traded vs 28 OI: Earnings 4/20 After Close (est) $26.59 Ref
• Wynn Resorts, Limited WYNN Apr 7th 100 Puts Sweep: 915 @ ASK $3.40: 915 traded vs 68 OI: Earnings 5/4 After Close (est) $100.35 Ref
• Melco Crown Entertainment Ltd (ADR) MPEL Jul $15.68 Put; 10,000 @Bid @$0.98
• Whiting Petroleum Corp WLL Sep17 8.0 Puts Sweep: 749 @ ASK $0.60: 750 traded vs 274 OI: Earnings 4/26 After Close (est) $10.63 Ref
• Twitter Inc TWTR Sept. $18 Puts at the Ask: Volume of 615 at $3.451 vs Open Interest 313