CAMS short for CurveAheadMarketStrategies.com screens found unusual CALL options buying at several strike levels at mid-day trading in the Consumer Staples Select Sector SPDR Fund (XLP, quote).

Option traders are grabbing the May 34 CALL as well as strike level of 37 for Jan 13 and Jan 14 leaps. 

Volume vs. Open Interest

• May 34 CALL 1,975 volume against 1,615 open interest
• Jan-13 37 CALL 26,600 volume against 6,317 open interest
• Jan-14 37 CALL 10,500 volume against 0 open interest

Actionable Takeaway: Option traders are speculating the consumer will not we focusing on staple only purchases benefiting companies in the consumer staples index, speculation could also be suggesting continue weakness in the U.S. for next 1 to 2 years.

ETF Summary:

Consumer Staples Select Sector SPDR Fund (XLP, quote) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Consumer Staples Select Sector Index.

XLB generally invests substantially at least 95% of its total assets in the securities comprising the index.

The index includes companies from the following industries: food & staples retailing; household products; food products; beverages; tobacco; and personal products