Watch These 7 Huge Put Purchases In Thursday 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 Wednesday’s regular session.

• Avis Budget Group Inc. CAR Feb 39.0 Puts: 1500 @ ASK $1.20: 4551 traded vs 418 OI: $40.66 Ref
• Cognizant Technology Solutions Corp CTSH Apr 52.5 Puts: 9000 @ ASK $0.75: 9000 traded vs 782 OI: Earnings 5/4 Before Open (est) $57.62 Ref
• Rent-A-Center Inc RCII Jun 10.0 Puts Sweep: 577 @ ASK $2.30: 8227 traded vs 150 OI: Earnings 4/24 After Close (est) $8.39 Ref
• Oclaro, Inc. OCLR Mar 12.0 Puts Sweep: 500 @ ASK $1.45: 500 traded vs 45 OI: Earnings 5/2 After Close (est) $10.87 Ref
• American Express Company AXP Feb 79.0 Puts Sweep: 837 @ ASK $0.17: 1039 traded vs 126 OI: Earnings 4/19 After Close (est) $79.69 Ref
• LG Display Co Ltd. (ADR) LPL Mar 12.5 Puts Sweep: 557 @ ASK $0.75: 1892 traded vs 128 OI: Earnings 4/26 Unspecified (est) $12.12 Ref
• Applied Materials, Inc. AMAT Feb 34.5 Puts Sweep: 1000 @ ASK $0.39: 2901 traded vs 673 OI: $35.61 Ref