Watch These 5 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.

• Chesapeake Energy Corporation CHK Jun 30th 5.0 Calls Sweep: 2000 @ Above Ask! $0.057: 5825 traded vs 7400 OI: Earnings 8/3 Before Open (est) $4.84 Ref
• Arconic Inc ARNC Sep 30.0 Calls Sweep: 1494 @ ASK $0.13: 1675 traded vs 4535 OI: Earnings 7/25 After Close $21.96 Ref
• T-Mobile US Inc TMUS Jul 61.5 Calls: 1000 @ ASK $1.44: 1000 traded vs 4 OI: Earnings 7/27 After Close (est) $61.30 Ref
• Fitbit Inc FIT Jun 30th 5.5 Calls Sweep: 570 @ ASK $0.15: 985 traded vs 3119 OI: Earnings 8/1 After Close (est) $5.54 Ref
• Avis Budget Group Inc. CAR Aug 28.0 Calls: 2300 @ ASK $2.15: 2534 traded vs 1166 OI: Earnings 8/2 After Close (est) $25.99 Ref