Watch These 7 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.

• VMware, Inc. VMW Fri 7/22 54.0 Puts (Wkly) Sweep: 691 @ ASK $0.35: 725 traded vs 0 OI: $62.47 Ref
• Philip Morris International Inc. PM Fri 7/22 103 Puts (Wkly) Sweep: 750 @ ASK $1.04: 898 traded vs 60 OI: Earnings Today Before Open $103.05 Ref
• Fiat Chrysler Automobiles NV FCAU Aug16 6.0 Puts Sweep: 980 @ ASK $0.35: 9239 traded vs 581 OI: Earnings 7/27 Before Open $6.61 Ref
• Kellogg Company K Aug16 75.0 Puts: 1750 @ ASK $0.50: 5736 traded vs 402 OI: Earnings 8/4 Before Open $85.51 Ref
• Las Vegas Sands Corp. LVS Fri 7/22 45.0 Puts (Wkly) Sweep: 1500 @ ASK $0.17: 3798 traded vs 74 OI: Earnings 7/27 $46.82 Ref
• Cavium Inc CAVM Aug16 42.0 Puts: 5600 @ ASK $3.40: 5988 traded vs 111 OI: Earnings 7/26 After Close $41.33 Ref
• Devon Energy Corp DVN 7/29 36.0 Puts (Wkly) Sweep: 720 @ ASK $0.66: 1726 traded vs 64 OI: Earnings 8/2 After Close $37.51 Ref