Watch These 5 Huge Put Purchases In Tuesday 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 Monday’s regular session.

• American Eagle Outfitters AEO Jan17 19.0 Puts: 2700 @ ASK $1.55: 3069 traded vs 349 OI: Earnings 11/30 Before Open $18.47 Ref
• Sears Holdings Corp SHLD Jan18 8.0 Puts: 6286 @ Above Ask! $3.10: 10k traded vs 30k OI: Earnings 12/1 Before Open (est) (est) $12.58 Ref
• Encana Corp (USA) ECA Dec16 11.0 Puts Sweep: 540 @ ASK $0.30: 565 traded vs 368 OI: Earnings 2/23 Before Open (est) $11.89 Ref
• Lululemon Athletica inc. LULU Dec16 60.0 Puts Sweep: 592 @ ASK $4.45: 611 traded vs 1232 OI: Earnings 12/7 After Close $57.41 Ref
• Schlumberger Limited. SLB Fri 12/2 81.0 Puts (Wkly) Sweep: 3151 @ ASK $1.128: 3300 traded vs 498 OI: Earnings 1/20 Before Open $81.39 Ref