Watch These 8 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.

• Five Below Inc FIVE Apr 42.0 Puts Sweep: 538 @ ASK $1.15: 4512 traded vs 176 OI: Earnings 6/1 After Close (est) $42.85 Ref
• Applied Materials, Inc. AMAT May 36.0 Puts: 2119 @ ASK $0.56: 2559 traded vs 154 OI: Earnings 5/18 After Close (est) $38.95 Ref
• Kite Pharma Inc KITE Apr 65.0 Puts Sweep: 646 @ ASK $0.75: 686 traded vs 2489 OI: Earnings 5/9 Before Open (est) $78.61 Ref
• Navient Corp NAVI Jan 12.5 Put; 3000 @Bid @$1.15
• Paychex, Inc. PAYX Apr 60.0 Puts: 1000 @ ASK $0.95: 1012 traded vs 637 OI: Earnings tmrrw Before Open $60.61 Ref
• Sanofi SA (ADR) SNY Apr $44 Put; 2642 @Bid @$0.27; Ref=$45.72
• RH RH Apr 34.0 Puts Sweep: 696 @ ASK $1.05: 750 traded vs 45 OI: Earnings 6/7 After Close (est) $37.05 Ref
• RPC, Inc. RES Jun 18 Put; 2000 @Bid @$1.60; Ref=$17.03