15 Underperforming Stocks With Bearish Options Sentiment

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Compiled by Luis Gonzalez: The following is a list of stocks that have lagged the rest of the market over recent weeks, reporting losses over the last quarter.

All of the stocks mentioned below have a large number of open put option positions relative to call option positions, i.e. a high 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 put option positions, contrarians would think most of the stocks mentioned below are set for gains. Do you agree?

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

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Sorted by Put/Call ratio.

1. FirstMerit Corporation (FMER): Regional - Midwest Banks Industry. Market cap of $1.88B. Call open interest at 607 contracts vs. put open interest at 5,804 contracts (Put/Call ratio at 9.56). Short float at 5.09%, which implies a short ratio of 6.31 days. The stock has lost -13.31% over the last year.

2. WMS Industries Inc. (WMS): Recreational Goods, Other Industry. Market cap of $2.42B. Call open interest at 1,576 contracts vs. put open interest at 9,819 contracts (Put/Call ratio at 6.23). Short float at 6.92%, which implies a short ratio of 5.08 days. The stock has gained 7.15% over the last year.

3. Buckeye Partners LP (BPL): Oil & Gas Pipelines Industry. Market cap of $3.32B. Call open interest at 585 contracts vs. put open interest at 1,985 contracts (Put/Call ratio at 3.39). Short float at 0.74%, which implies a short ratio of 1.79 days. The stock has gained 18.65% over the last year.

4. Banco Santander-Chile (SAN): Money Center Banks Industry. Market cap of $15.27B. Call open interest at 154 contracts vs. put open interest at 477 contracts (Put/Call ratio at 3.1). Short float at 2.84%, which implies a short ratio of 6.73 days. The stock has gained 33.16% over the last year.

5. OfficeMax Inc. (OMX): Specialty Retail, Other Industry. Market cap of $1.31B. Call open interest at 5,530 contracts vs. put open interest at 15,518 contracts (Put/Call ratio at 2.81). Short float at 8.83%, which implies a short ratio of 4.84 days. The stock has gained 2.4% over the last year.

6. Homex Development Corp. (HXM): Property Management Industry. Market cap of $1.77B. Call open interest at 353 contracts vs. put open interest at 874 contracts (Put/Call ratio at 2.48). Short float at 4.53%, which implies a short ratio of 10.57 days. The stock has gained 2.29% over the last year.

7. Safeway Inc. (SWY): Grocery Stores Industry. Market cap of $8.27B. Call open interest at 22,440 contracts vs. put open interest at 47,647 contracts (Put/Call ratio at 2.12). Short float at 7.06%, which implies a short ratio of 5.72 days. The stock has lost -3.35% over the last year.

8. PetMed Express Inc. (PETS): Drug Delivery Industry. Market cap of $340.95M. Call open interest at 1,786 contracts vs. put open interest at 3,678 contracts (Put/Call ratio at 2.06). Short float at 33.18%, which implies a short ratio of 27.57 days. The stock has lost -20.82% over the last year.

9. Ecopetrol SA (EC): Independent Oil & Gas Industry. Market cap of $83.05B. Call open interest at 321 contracts vs. put open interest at 642 contracts (Put/Call ratio at 2.). Short float at 0.04%, which implies a short ratio of 3.21 days. The stock has gained 61.38% over the last year.

10. Overseas Shipholding Group Inc. (OSG): Shipping Industry. Market cap of $1.06B. Call open interest at 6,753 contracts vs. put open interest at 13,175 contracts (Put/Call ratio at 1.95). Short float at 21.97%, which implies a short ratio of 10.28 days. The stock has lost -19.8% over the last year.

11. Rogers Communications Inc. (RCI): Wireless Communications Industry. Market cap of $19.92B. Call open interest at 503 contracts vs. put open interest at 971 contracts (Put/Call ratio at 1.93). Short float at 4.55%, which implies a short ratio of 60.35 days. The stock has gained 13.59% over the last year.

12. Clearwire Corporation (CLWR): Wireless Communications Industry. Market cap of $1.31B. Call open interest at 23,379 contracts vs. put open interest at 44,274 contracts (Put/Call ratio at 1.89). Short float at 19.91%, which implies a short ratio of 7.65 days. The stock has lost -22.03% over the last year.

13. Coca-Cola FEMSA S.A.B de C.V. (KOF): Beverages - Soft Drinks Industry. Market cap of $14.04B. Call open interest at 226 contracts vs. put open interest at 386 contracts (Put/Call ratio at 1.71). Short float at 0.31%, which implies a short ratio of 1.18 days. The stock has gained 23.19% over the last year.

14. Sterling Financial Corp. (STSA): Savings & Loans Industry. Market cap of $1.08B. Call open interest at 151 contracts vs. put open interest at 256 contracts (Put/Call ratio at 1.7). Short float at 0.44%, which implies a short ratio of 3.42 days. The stock has lost -62.94% over the last year.

15. Deer Consumer Products, Inc. (DEER): Home Furnishings & Fixtures Industry. Market cap of $369.83M. Call open interest at 1,024 contracts vs. put open interest at 1,606 contracts (Put/Call ratio at 1.57). Short float at 15.22%, which implies a short ratio of 12.83 days. The stock has gained 21.93% 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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