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.

• Apache Corporation (NYSE: APA) Jul16 55.0 Puts: 2933 @ ASK $1.85: 6750 traded vs 639 OI: $56.75 Ref
• Mylan NV (NASDAQ: MYL) Jun16 47.5 Puts Sweep: 1458 @ ASK $1.50: 1461 traded vs 43 OI: $46.72 Ref
• Centurylink Inc (NYSE: CTL) Aug16 25.0 Puts: 1800 @ ASK $0.65: 9230 traded vs 15 OI: $27.12 Ref
• Transocean LTD (NYSE: RIG) Jul16 10.0 Puts Sweep: 1997 @ Above Ask! $0.34: 24k traded vs 1079 OI: $11.67 Ref
• Hess Corp. (NYSE: HES) Jul16 57.5 Puts Sweep: 597 @ ASK $1.40: 1741 traded vs 254 OI: $61.65 Ref
• Louisiana-Pacific Corporation (NYSE: LPX) Jul16 18.0 Puts Sweep: 725 @ ASK $0.60: 891 traded vs 2 OI: Earnings 8/2 $18.36 Ref
• Ctrip.com International, Ltd. (ADR) (NASDAQ: CTRP) Jan18 32.5 Puts Sweep: 1857 @ ASK $4.40: 2969 traded vs 17k OI: $41.81 Ref