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.

• Zynga Inc ZNGA Jun 2.5 Puts Sweep: 3398 @ ASK $0.13: 5010 traded vs 36k OI: Earnings 5/4 After Close (est) $2.81 Ref
• J C Penney Company Inc JCP Mar 3rd 7.0 Puts: 7464 @ ASK $0.35: 11k traded vs 234 OI: Earnings 2/24 Before Open $7.02 Ref
• Square Inc SQ Mar 15.0 Puts Sweep: 881 @ ASK $0.75: 13k traded vs 9021 OI: $15.18 Ref
• Fitbit Inc FIT Feb 24th 5.5 Puts Sweep: 1000 @ ASK $0.15: 1207 traded vs 4134 OI: Earnings today After Close $5.97 Ref
• Patterson Companies, Inc. PDCO Mar 43.0 Puts Sweep: 1207 @ ASK $0.698: 1216 traded vs 8 OI: Earnings Today Before Open $44.67 Ref
• Valeant Pharmaceuticals Intl Inc VRX Feb 24th 18.0 Puts Sweep: 3047 @ Bid @$1.41
• Yahoo! Inc. YHOO Apr 44.0 Puts Sweep: 550 @ ASK $0.87: 794 traded vs 1728 OI: Earnings 4/18 After Close (est) $45.72 Ref