9 Consumer Goods Stocks with Bearish Options Sentiment

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Compiled by Alexander Crawford: This list may be helpful to contrarian investors looking for new opportunities.

This is a list of stocks in the consumer goods sector, all of which 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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List sorted by the Put/Call ratio.

1. Hormel Foods Corp. (HRL): Meat Products Industry. Market cap of $6.74B. Call open interest at 947 contracts vs. put open interest at 2,614 contracts (Put/Call ratio at 2.76). Short float at 5.53%, which implies a short ratio of 8.11 days. The stock has gained 32.32% over the last year.

2. Lorillard, Inc. (LO): Cigarettes Industry. Market cap of $11.22B. Call open interest at 19,246 contracts vs. put open interest at 50,478 contracts (Put/Call ratio at 2.62). Short float at 5.95%, which implies a short ratio of 5.32 days. The stock has gained 6.4% over the last year.

3. Jarden Corp. (JAH): Housewares & Accessories Industry. Market cap of $3.17B. Call open interest at 1,425 contracts vs. put open interest at 3,554 contracts (Put/Call ratio at 2.49). Short float at 2.95%, which implies a short ratio of 4.53 days. The stock has gained 15.52% over the last year.

4. The J. M. Smucker Company (SJM): Processed & Packaged Goods Industry. Market cap of $7.43B. Call open interest at 6,139 contracts vs. put open interest at 13,526 contracts (Put/Call ratio at 2.20). Short float at 1.6%, which implies a short ratio of 2.43 days. The stock has gained 7.66% over the last year.

5. Reynolds American Inc. (RAI): Cigarettes Industry. Market cap of $18.62B. Call open interest at 7,444 contracts vs. put open interest at 16,160 contracts (Put/Call ratio at 2.17). Short float at 1.13%, which implies a short ratio of 2.69 days. The stock has gained 31.12% over the last year.

6. Kellogg Company (K): Processed & Packaged Goods Industry. Market cap of $19.67B. Call open interest at 10,413 contracts vs. put open interest at 19,959 contracts (Put/Call ratio at 1.92). Short float at 22.66%, which implies a short ratio of 3.01 days. The stock has gained 4.48% over the last year.

7. Owens-Illinois, Inc. (OI): Packaging & Containers Industry. Market cap of $4.87B. Call open interest at 14,267 contracts vs. put open interest at 25,194 contracts (Put/Call ratio at 1.77). Short float at 2.1%, which implies a short ratio of 2.13 days. The stock has gained 10.92% over the last year.

8. Coca-Cola FEMSA S.A.B de C.V. (KOF): Beverages - Soft Drinks Industry. Market cap of $14.6B. Call open interest at 226 contracts vs. put open interest at 378 contracts (Put/Call ratio at 1.67). Short float at 0.28%, which implies a short ratio of 1.25 days. The stock has gained 35.83% over the last year.

9. Fortune Brands Inc. (FO): Home Furnishings & Fixtures Industry. Market cap of $9.47B. Call open interest at 18,284 contracts vs. put open interest at 29,133 contracts (Put/Call ratio at 1.59). Short float at 1.92%, which implies a short ratio of 2.38 days. The stock has gained 54.95% 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

Referenced Stocks: FO , HRL , JAH , K , KOF , LO , OI , RAI , SJM

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