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.

• Newell Brands Inc NWL Oct 20 $43 Puts Sweep (32) at the Ask: 2600 @ $0.601 vs 1087 OI; Ref=$43.28
• Ciena Corporation CIEN Oct 20 $22.5 Puts Sweep (28) at the Bid: 2001 @ $0.875 vs 76 OI; Ref=$21.82
• MannKind Corporation MNKD Oct 20 $10 Puts Sweep (7) at the Ask: 1690 @ $3.851 vs 11 OI; Ref=$6.575
• Lululemon Athletica inc. LULU Dec 15 $57.5 Puts at the Bid: 1500 @ $1.791 vs 847 OI; Ref=$62.93
• Freeport-McMoRan Inc FCX May 18 $14 Puts at the Bid: 1000 @ $1.39 vs 247 OI; Ref=$14.425
• Nu Skin Enterprises, Inc. NUS Fri $64 Puts at the Ask: 891 @ $1.5 vs 0 OI; Ref=$63.49
• Nektar Therapeutics NKTR Jan 19 $18 Puts Sweep (30) at the Bid: 603 @ $0.65 vs 91 OI; Ref=$23.34
• Gogo Inc GOGO May 18 $10 Puts Sweep (20) at the Ask: 611 @ $1.101 vs 20 OI; Ref=$11.62