Watch These 7 Huge Put Purchases In Friday 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 Thursday's regular session.

• General Motors Company (NYSE: GM) Dec16 24.0 Puts Sweep: 1271 @ ASK $0.68: 1271 traded vs 194 OI: Earnings 7/28 $29.27 Ref
• 3M Co (NYSE: MMM) Fri 6/10 167.5 Puts (Wkly) Sweep: 1000 @ ASK $0.18: 1201 traded vs 151 OI: Earnings 7/26 Before Open $169.94 Ref
• Nike Inc (NYSE: NKE) Jul16 55.0 Puts: 1600 @ ASK $1.95: 1694 traded vs 10k OI: Earnings 6/28 After Close $54.88 Ref
• First Solar, Inc. (NASDAQ: FSLR) Aug16 50.0 Puts Sweep: 1603 @ ASK $3.10: 2003 traded vs 112 OI: Earnings 8/2 $51.12 Ref
• Emerson Electric Co. (NYSE: EMR) Jul16 52.5 Puts Sweep: 3500 @ ASK $0.87: 3541 traded vs 295 OI: Earnings 8/2 $53.71 Ref
• Mylan NV (NASDAQ: MYL) Jun16 46.0 Puts Sweep: 1036 @ ASK $0.94: 2253 traded vs 22 OI: $46.06 Ref
• Oasis Petroleum Inc. (NYSE: OAS) Jul16 10.0 Puts: 5000 @ ASK $0.60: 5012 traded vs 142 OI: Earnings 8/2 $10.83 Ref