Consumer stocks are on fire, but options traders think the staples are about to cool off
July 03, 2019 at 11:13 AM EDT
The consumer is on fire as we head into midsummer. Stocks like Chipotle, Starbucks, Dunkin Brands and Darden Restaurants are all up more than 20% on the year, while the XLP Consumer Staples ETF – led by big names like Coca-Cola, General Mills, and Pepsi – have helped bring the markets to new highs. But options traders are betting that one piece of this hotspot consumer trade is about to cool off.
