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.

• Cenovus Energy Inc (USA) CVE Dec17 10.0 Calls Sweep: 999 @ ASK $0.50: 6105 traded vs 19k OI: Earnings 7/27 Before Open $8.52 Ref
• Oclaro, Inc. OCLR Jul 10.0 Calls Sweep: 508 @ ASK $0.80: 1273 traded vs 12k OI: Earnings 8/1 After Close (est) $9.90 Ref
• Fossil Group Inc FOSL Dec17 15.0 Calls: 2250 @ Above Ask! $0.75: 2250 traded vs 525 OI: Earnings 8/8 After Close (est) $10.89 Ref
• Cypress Semiconductor Corporation CY Dec17 14.0 Calls Sweep: 1644 @ ASK $1.70: 1644 traded vs 312 OI: Earnings 7/27 After Close (est) $14.33 Ref
• Square Inc SQ Jul 25.0 Calls Sweep: 917 @ ASK $1.00: 1524 traded vs 456 OI: Earnings 8/3 After Close (est) $24.23 Ref
• Mattel, Inc. MAT Jun 22.0 Calls Sweep: 1503 @ ASK $1.00: 1506 traded vs 4638 OI: Earnings 7/20 After Close (est) $22.62 Ref
• Norwegian Cruise Line Holdings Ltd NCLH Jul 52.5 Calls Sweep: 509 @ ASK $1.05: 1227 traded vs 428 OI: Earnings 8/8 Before Open (est) $50.38 Ref