10 Downtrend Stocks With Low Put/Call Ratios

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The following is a list of stocks in a downtrend, i.e. trading below the 20-day, 50-day and 200-day moving averages.

All of the stocks mentioned below have a large number of open call option positions relative to put option positions, i.e. a low Put/Call ratio.

Some technical traders view the Put/Call ratio as a contrary indicator when it reaches extreme highs or lows. In other words, because the stocks mentioned below have a high number of open call option positions, contrarians would think most of the stocks mentioned below are set for more downside. Do you agree?


Options data sourced from Schaeffer's, short float and performance data sourced from Finviz.

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The list has been sorted by the Put/Call ratio.

1. Activision Blizzard, Inc. (ATVI): Multimedia & Graphics Software Industry. Market cap of $13.B. The stock is currently -2.97% below its 20-day MA, -6.63% below its 50-day MA, and -24.44% below its 200-day MA. Call open interest at 574,924 contracts vs. put open interest at 34,014 contracts (Put/Call ratio at 0.06). Short float at 4.22%, which implies a short ratio of 2.04 days. The stock has lost -2.97% over the last year.

2. Rex Energy Corporation (REXX): Oil & Gas Drilling & Exploration Industry. Market cap of $498.23M. The stock is currently -3.81% below its 20-day MA, -10.93% below its 50-day MA, and -23.9% below its 200-day MA. Call open interest at 5,316 contracts vs. put open interest at 693 contracts (Put/Call ratio at 0.13). Short float at 19.41%, which implies a short ratio of 12.46 days. The stock has lost -16.64% over the last year.

3. KT Corp. (KT): Telecom Services - Foreign Industry. Market cap of $10.42B. The stock is currently -15.2% below its 20-day MA, -8.86% below its 50-day MA, and -17.75% below its 200-day MA. Call open interest at 999 contracts vs. put open interest at 170 contracts (Put/Call ratio at 0.17). Short float at 0.09%, which implies a short ratio of 0.43 days. The stock has lost -1.92% over the last year.

4. Pantry Inc. (PTRY): Grocery Stores Industry. Market cap of $358.32M. The stock is currently -5.15% below its 20-day MA, -4.68% below its 50-day MA, and -33.62% below its 200-day MA. Call open interest at 4,048 contracts vs. put open interest at 843 contracts (Put/Call ratio at 0.21). Short float at 2.94%, which implies a short ratio of 3.47 days. The stock has gained 18.15% over the last year.

5. AMR Corporation (AMR): Major Airlines Industry. Market cap of $2.43B. The stock is currently -7.43% below its 20-day MA, -4.63% below its 50-day MA, and -12.96% below its 200-day MA. Call open interest at 156,128 contracts vs. put open interest at 34,576 contracts (Put/Call ratio at 0.22). Short float at 11.51%, which implies a short ratio of 3.64 days. The stock has lost -16.19% over the last year.

6. JetBlue Airways Corporation (JBLU): Regional Airlines Industry. Market cap of $1.78B. The stock is currently -7.43% below its 20-day MA, -4.63% below its 50-day MA, and -12.96% below its 200-day MA. Call open interest at 27,585 contracts vs. put open interest at 6,769 contracts (Put/Call ratio at 0.25). Short float at 18.37%, which implies a short ratio of 8.7 days. The stock has gained 17.41% over the last year.

7. China Security & Surveillance Technology, Inc. (CSR): Security & Protection Services Industry. Market cap of $408.06M. The stock is currently -7.43% below its 20-day MA, -4.63% below its 50-day MA, and -12.96% below its 200-day MA. Call open interest at 8,332 contracts vs. put open interest at 2,058 contracts (Put/Call ratio at 0.25). Short float at 14.39%, which implies a short ratio of 9.43 days. The stock has lost -35.09% over the last year.

8. Korea Electric Power Corp. (KEP): Electric Utilities Industry. Market cap of $15.33B. The stock is currently -7.43% below its 20-day MA, -4.63% below its 50-day MA, and -12.96% below its 200-day MA. Call open interest at 3,181 contracts vs. put open interest at 792 contracts (Put/Call ratio at 0.25). Short float at 0.29%, which implies a short ratio of 1.57 days. The stock has lost -29.29% over the last year.

9. Gulf Resources, Inc. (GFRE): Specialty Chemicals Industry. Market cap of $311.76M. The stock is currently -7.43% below its 20-day MA, -4.63% below its 50-day MA, and -12.96% below its 200-day MA. Call open interest at 10,748 contracts vs. put open interest at 2,704 contracts (Put/Call ratio at 0.25). Short float at 11.41%, which implies a short ratio of 7.14 days. The stock has lost -10.89% over the last year.

10. Allos Therapeutics, Inc. (ALTH): Drug Manufacturers - Other Industry. Market cap of $351.87M. The stock is currently -7.43% below its 20-day MA, -4.63% below its 50-day MA, and -12.96% below its 200-day MA. Call open interest at 2,929 contracts vs. put open interest at 756 contracts (Put/Call ratio at 0.26). Short float at 9.37%, which implies a short ratio of 7.47 days. The stock has lost -53.68% over the last year.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks


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