Strange Options Moves on Staples ETF Sparks a Trade Idea

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We saw some very unusual options flow on Tuesday in the Consumer Staples Select Sector SPDR exchange-traded fund (XLP) . The consumer staples ETF saw a customer buy 55,000 on the June $74-$69 puts spreads, then likely the same customer went out to September and did a very similar trade in September buying 45,000 of the September $73-$66 put spread…

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