Watch These 7 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.

• Palo Alto Networks Inc PANW Sep16 140 Calls: 3718 @ ASK $3.50: 10k traded vs 1991 OI: Earnings 8/30 After Close $129.39 Ref
• Jabil Circuit, Inc. JBL Sep16 23.0 Calls Sweep: 918 @ ASK $0.10: 918 traded vs 44 OI: Earnings 9/22 $20.72 Ref
• Splunk Inc SPLK Aug16 65.0 Calls Sweep: 878 @ ASK $0.65: 1925 traded vs 11k OI: Earnings 8/25 After Close $62.26 Ref
• YY Inc (ADR) YY Sep16 45.0 Calls: 1000 @ ASK $1.70: 3121 traded vs 146 OI: Earnings 8/11 $43.47 Ref
• Lazard Ltd LAZ Mar17 40.0 Calls Sweep: 1000 @ ASK $1.65: 1000 traded vs 44 OI: $34.86 Ref
• Lions Gate Entertainment Corp. (USA) LGF Dec16 22.0 Calls: 1100 @ ASK $1.55: 7932 traded vs 1104 OI: $21.21 Ref
• Arrowhead Pharmaceuticals Inc ARWR Sep16 6.0 Calls Sweep: 3209 @ ASK $0.50: 3215 traded vs 497 OI: $5.63 Ref