15 Chinese Stocks With Low Put/Call Ratios

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Compiled by Luis Gonzalez: The following is a list of Chinese stocks that 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 a pullback. 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. Giant Interactive Group, Inc. (GA): Business Services Industry. Market cap of $1.59B. Call open interest at 3,455 contracts vs. put open interest at 127 contracts (Put/Call ratio at 0.04). Short float at 0.33%, which implies a short ratio of 1.82 days. The stock has lost -4.25% over the last year.

2. VisionChina Media Inc. (VISN): Advertising Agencies Industry. Market cap of $320.3M. Call open interest at 2,496 contracts vs. put open interest at 183 contracts (Put/Call ratio at 0.07). Short float at 2.46%, which implies a short ratio of 2.84 days. The stock has lost -54.55% over the last year.

3. Fushi Copperweld, Inc. (FSIN): Industrial Electrical Equipment Industry. Market cap of $356.08M. Call open interest at 40,095 contracts vs. put open interest at 3,249 contracts (Put/Call ratio at 0.08). Short float at 12.79%, which implies a short ratio of 8.56 days. The stock has gained 2.06% over the last year.

4. Gulf Resources, Inc. (GFRE): Specialty Chemicals Industry. Market cap of $333.93M. Call open interest at 35,206 contracts vs. put open interest at 4,014 contracts (Put/Call ratio at 0.11). Short float at 16.76%, which implies a short ratio of 10.04 days. The stock has lost -15.29% over the last year.

5. 51job Inc. (JOBS): Staffing & Outsourcing Services Industry. Market cap of $1.56B. Call open interest at 7,704 contracts vs. put open interest at 1,389 contracts (Put/Call ratio at 0.18). Short float at 2.77%, which implies a short ratio of 4 days. The stock has gained 248.84% over the last year.

6. China Security & Surveillance Technology, Inc. (CSR): Security & Protection Services Industry. Market cap of $412.52M. Call open interest at 7,257 contracts vs. put open interest at 1,983 contracts (Put/Call ratio at 0.27). Short float at 11.7%, which implies a short ratio of 7.23 days. The stock has lost -43.03% over the last year.

7. ReneSola Ltd. (SOL): Semiconductor - Integrated Circuits Industry. Market cap of $907.58M. Call open interest at 23,476 contracts vs. put open interest at 6,724 contracts (Put/Call ratio at 0.29). Short float at 8.15%, which implies a short ratio of 1.1 days. The stock has gained 125.7% over the last year.

8. China Nepstar Chain Drugstore Ltd. (NPD): Drug Stores Industry. Market cap of $449.19M. Call open interest at 1,114 contracts vs. put open interest at 326 contracts (Put/Call ratio at 0.29). Short float at 0.11%, which implies a short ratio of 0.31 days. The stock has lost -35.13% over the last year.

9. Solarfun Power Holdings Co. Ltd. (SOLF): Semiconductor - Specialized Industry. Market cap of $526.17M. Call open interest at 34,166 contracts vs. put open interest at 14,092 contracts (Put/Call ratio at 0.41). Short float at 9.23%, which implies a short ratio of 2.01 days. The stock has gained 19.08% over the last year.

10. Cogo Group, Inc. (COGO): Diversified Electronics Industry. Market cap of $301.72M. Call open interest at 310 contracts vs. put open interest at 135 contracts (Put/Call ratio at 0.44). Short float at 0.62%, which implies a short ratio of 0.77 days. The stock has gained 25.4% over the last year.

11. Aluminum Corporation Of China Limited (ACH): Aluminum Industry. Market cap of $13.23B. Call open interest at 26,435 contracts vs. put open interest at 11,774 contracts (Put/Call ratio at 0.45). Short float at 1.71%, which implies a short ratio of 10.54 days. The stock has lost -13.91% over the last year.

12. 7 Days Group Holdings Limited (SVN): Lodging Industry. Market cap of $992.31M. Call open interest at 287 contracts vs. put open interest at 131 contracts (Put/Call ratio at 0.46). Short float at 6.52%, which implies a short ratio of 4.54 days. The stock has gained 46.19% over the last year.

13. E-House (China) Holdings Limited (EJ): Property Management Industry. Market cap of $1.25B. Call open interest at 3,187 contracts vs. put open interest at 1,459 contracts (Put/Call ratio at 0.46). Short float at 3.55%, which implies a short ratio of 6.02 days. The stock has lost -2.08% over the last year.

14. China Digital TV Holding Co., Ltd. (STV): Application Software Industry. Market cap of $407.68M. Call open interest at 2,025 contracts vs. put open interest at 992 contracts (Put/Call ratio at 0.49). Short float at 0.43%, which implies a short ratio of 0.51 days. The stock has gained 6.87% over the last year.

15. Zhongpin, Inc. (HOGS): Food Industry. Market cap of $667.93M. Call open interest at 14,767 contracts vs. put open interest at 7,790 contracts (Put/Call ratio at 0.53). Short float at 9.69%, which implies a short ratio of 8.42 days. The stock has gained 37.96% 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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