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.

• ON Semiconductor Corp ON Aug 15.0 Puts: 1371 @ ASK $1.25: 7015 traded vs 2 OI: Earnings 8/3 Unspecified (est) $14.34 Ref
• Chimera Investment Corporation CIM Aug 19.0 Puts Sweep: 2052 @ ASK $0.45: 2052 traded vs 9 OI: Earnings 8/3 After Close (est) $19.59 Ref
• Snap Inc SNAP Aug 25.0 Puts: 2500 @ ASK $9.00: 3231 traded vs 4980 OI: Earnings 8/9 After Close (est) $17.43 Ref
• AstraZeneca plc (ADR) AZN Jul 32.5 Puts Sweep: 998 @ ASK $0.80: 1673 traded vs 14k OI: Earnings 7/27 Before Open $34.64 Ref
• Dicks Sporting Goods Inc DKS Jul 40.0 Puts Sweep: 1706 @ ASK $1.10: 1738 traded vs 590 OI: Earnings 8/15 Before Open (est) $40.26 Ref
• Mylan N.V. MYL Jul 38.5 Puts: 1200 @ Above Ask! $0.88: 1470 traded vs 1 OI: Earnings 8/8 After Close (est) $38.75 Ref
• Momo Inc (ADR) MOMO Jun 30th 36.0 Puts Sweep: 721 @ ASK $0.45: 1004 traded vs 3130 OI: Earnings 8/15 Before Open (est) $37.33 Ref