Traders are binging on junk food stocks.
Kraft, Coca-Cola and Pepsi have had a tough month, falling a respective 6.5, 5 and 7 percent. But according to one trader, a confluence of unusual options activity and bullish technical indicators is signaling that these stocks are ripe to buy.
"These three charts look very similar seeing selling pressure over the last 10 to 12 days. But I think there could be a short-term bottom here," said Andrew Keene of Keene on the Market on Wednesday's "Trading Nation."