Watch These 8 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.

• Community Health Systems CYH Sep 8.0 Puts Sweep: 1270 @ ASK $1.05: 8126 traded vs 3444 OI: Earnings 8/1 After Close (est) $8.58 Ref
• Snap Inc SNAP Oct 21.0 Puts: 4850 @ ASK $3.50: 5000 traded vs 869 OI: Earnings 8/9 After Close (est) $21.38 Ref
• L Brands Inc LB Jun 50.0 Puts Sweep: 2000 @ ASK $1.15: 2017 traded vs 885 OI: Earnings 8/16 After Close $50.48 Ref
• Fossil Group Inc FOSL Jun 10.5 Puts Sweep: 590 @ ASK $0.30: 1000 traded vs 7 OI: Earnings 8/8 After Close (est) $10.90 Ref
• Louisiana-Pacific Corporation LPX Jul 20.0 Puts Sweep: 500 @ ASK $0.30: 1503 traded vs 0 OI: Earnings 8/3 Before Open (est) $22.23 Ref
• Nordic American Tanker Ltd NAT Jul 5.0 Puts Sweep: 1355 @ ASK $0.20: 1355 traded vs 226 OI: Earnings 8/7 Before Open (est) $5.65 Ref
• Valeant Pharmaceuticals Intl Inc VRX Jan $10 Put; 10,000 @Bid @$1.44; Ref = 12.07
• SM Energy Co SM Nov 12.5 Puts Sweep: 605 @ ASK $0.85: 605 traded vs 6 OI: Earnings 8/1 After Close (est) $17.05 Ref