This is a follow up to our previous article on Put / Call ratios. Here is a list of stocks and ETFs with very high Put / Call ratios, signaling excessive pessimism. All data sourced from Schaeffers, based on open option contracts.
Perhaps this would be an interesting list for contrarians to look at.
click for expanded image
- Poniard Pharmaceuticals (NASDAQ:PARD): 18,728 put options, divided by 969 call options, implying a Put / Call ratio of 19.33
- World Acceptance Corp. (NASDAQ:WRLD): 11,232 put options, divided by 1,409 call options, implying a Put / Call ratio of 7.97
- iShares MSCI Taiwan Index (NYSEARCA:EWT): 120,017 put options, divided by 19,622 call options, implying a Put / Call ratio of 6.12
- Gerdau Ameristeel Corporation (GNA): 22,649 put options, divided by 3,730 call options, implying a Put / Call ratio of 6.07
- Royal Caribbean Cruises Ltd. (NYSE:RCL): 16,9806 put options, divided by 30,858 call options, implying a Put / Call ratio of 5.5
- CNinsure Inc. (NASDAQ:CISG): 13,209 put options, divided by 3,158 call options, implying a Put / Call ratio of 4.18
- iShares MSCI South Korea Index Fund (NYSEARCA:EWY): 24,957 put options, divided by 6,035 call options, implying a Put / Call ratio of 4.14
- Pitney Bowes Inc. (NYSE:PBI): 21,610 put options, divided by 5,963 call options, implying a Put / Call ratio of 3.62
- Harman International Industries Inc. (NYSE:HAR): 11,038 put options, divided by 3,097 call options, implying a Put / Call ratio of 3.56
- Frontier Communications Corp (NYSE:FTR): 61,507 put options, divided by 17,746 call options, implying a Put / Call ratio of 3.47
- Gerdau SA (NYSE:GGB): 31,917 put options, divided by 9,218 call options, implying a Put / Call ratio of 3.46
- AstraZeneca plc (NYSE:AZN): 41,107 put options, divided by 12,211 call options, implying a Put / Call ratio of 3.37
- Consumer Staples Select Sect. SPDR (NYSEARCA:XLP): 139,049 put options, divided by 43,369 call options, implying a Put / Call ratio of 3.21
- Digital Realty Trust, Inc. (NYSE:DLR): 11,479 put options, divided by 3,583 call options, implying a Put / Call ratio of 3.2
- Kinetic Concepts, Inc. (NYSE:KCI): 10,237 put options, divided by 3,198 call options, implying a Put / Call ratio of 3.2
- Acorda Therapeutics Inc. (NASDAQ:ACOR): 24,465 put options, divided by 7,667 call options, implying a Put / Call ratio of 3.19
- The Cheesecake Factory Incorporated (NASDAQ:CAKE): 24,818 put options, divided by 7,928 call options, implying a Put / Call ratio of 3.13
- Tanzanian Royalty Exploration Corp. (TRE): 24,244 put options, divided by 7,907 call options, implying a Put / Call ratio of 3.07
- Legg Mason, Inc. (NYSE:LM): 54,826 put options, divided by 18,433 call options, implying a Put / Call ratio of 2.97
- Health Care SPDR (NYSEARCA:XLV): 227,096 put options, divided by 80,885 call options, implying a Put / Call ratio of 2.81
- Aruba Networks, Inc. (NASDAQ:ARUN): 39,167 put options, divided by 14,499 call options, implying a Put / Call ratio of 2.7
- Kinder Morgan Energy Partners LP (NYSE:KMP): 19,394 put options, divided by 7,206 call options, implying a Put / Call ratio of 2.69
- Penn National Gaming, Inc. (NASDAQ:PENN): 8,425 put options, divided by 3,174 call options, implying a Put / Call ratio of 2.65
- Becton, Dickinson and Co. (NYSE:BDX): 16,804 put options, divided by 6,411 call options, implying a Put / Call ratio of 2.62
Disclosure: No positions