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.

• Francesca's Holdings Corp FRAN Sep 15 $6 Puts Sweep (26) at the Ask: 10139 @ $0.051 vs 2451 OI; Ref=$7.46
• AK Steel Holding Corporation AKS Sep 15 $5.5 Puts at the Bid: 5000 @ $0.141 vs 744 OI; Ref=$5.73
• Boot Barn Holdings Inc BOOT Feb 16 $7.5 Puts at the Bid: 1950 @ $1.051 vs 4 OI; Ref=$7.94
• Alcoa Corp AA Oct 20 $40 Puts Sweep (27) at the Bid: 941 @ $0.951 vs 203 OI; Ref=$43.7
• Lululemon Athletica inc. LULU Jan 19 $55 Puts at the Ask: 750 @ $4.401 vs 655 OI; Ref=$57.83
• Skechers USA Inc SKX Fri $26.5 Puts Sweep (30) at the Bid: 693 @ $0.5 vs 175 OI; Ref=$26.3801
• Gilead Sciences, Inc. GILD Sep 15 $77 Puts Sweep (30) at the Ask: 514 @ $1.078 vs 92 OI; Ref=$78.11