Watch These 3 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.

• United Parcel Service, Inc. UPS Nov16 108 Puts Sweep: 500 @ ASK $0.132: 900 traded vs 301 OI: Earnings 1/31 Before Open (est) $112.29 Ref
• Abercrombie & Fitch Co. ANF Nov16 14.0 Puts Sweep: 630 @ ASK $0.38: 3105 traded vs 5595 OI: Earnings 11/18 Before Open $15.69 Ref
• Lululemon Athletica inc. LULU Nov16 57.5 Puts Sweep: 2000 @ ASK $0.641: 2010 traded vs 862 OI: Earnings 12/1 Before Open (est) $58.16 Ref