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The following is a list of high volume gainers with bullish option market sentiment, i.e. a large number of open call option positions relative to put option positions.

For each stock, we'll list the Relative Volume indicator, which expresses Wednesday's trading volume as a multiple of the 3-month average volume.

Relative Volume data sourced from Finviz, options data sourced from Schaeffer's.

click for expanded image

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

1. ACCO Brands Corporation (ABD): Office Supplies Industry. Market cap of $343.49M. Wednesday's Relative Volume at 2.87, with the stock gaining 6.64% during the session. Call open interest at 299 contracts vs. put open interest at 4 contracts (Put/Call ratio at 0.01). Short float at 6.91%, which implies a short ratio of 10.32 days. The stock has lost -3.4% over the last year.

2. MIPS Technologies Inc. (NASDAQ:MIPS): Semiconductor Industry. Market cap of $676.27M. Wednesday's Relative Volume at 4.14, with the stock gaining 1.56% during the session. Call open interest at 50,244 contracts vs. put open interest at 3,006 contracts (Put/Call ratio at 0.06). Short float at 13.57%, which implies a short ratio of 4.26 days. The stock has gained 275.39% over the last year.

3. Arthur J Gallagher & Co. (NYSE:AJG): Insurance Brokers Industry. Market cap of $3.01B. Wednesday's Relative Volume at 3.38, with the stock gaining 5.25% during the session. Call open interest at 317 contracts vs. put open interest at 27 contracts (Put/Call ratio at 0.09). Short float at 3.24%, which implies a short ratio of 8.63 days. The stock has gained 25.66% over the last year.

4. Anadigics, Inc. (NASDAQ:ANAD): Semiconductor Industry. Market cap of $440.84M. Wednesday's Relative Volume at 3.32, with the stock gaining 8.87% during the session. Call open interest at 1,089 contracts vs. put open interest at 132 contracts (Put/Call ratio at 0.12). Short float at 5.52%, which implies a short ratio of 3.19 days. The stock has gained 96.22% over the last year.

5. Pharmasset, Inc. (VRUS): Drug Manufacturer. Market cap of $1.16B. Wednesday's Relative Volume at 3.1, with the stock gaining 2.56% during the session. Call open interest at 1,786 contracts vs. put open interest at 238 contracts (Put/Call ratio at 0.13). Short float at 8.09%, which implies a short ratio of 15.78 days. The stock has gained 68.43% over the last year.

6. B&G Foods Inc. (NYSE:BGS): Processed & Packaged Goods Industry. Market cap of $570.73M. Wednesday's Relative Volume at 2.32, with the stock gaining 6.96% during the session. Call open interest at 284 contracts vs. put open interest at 42 contracts (Put/Call ratio at 0.15). Short float at 3.85%, which implies a short ratio of 8.49 days. The stock has gained 60.16% over the last year.

7. Limelight Networks, Inc. (NASDAQ:LLNW): Business Services Industry. Market cap of $693.44M. Wednesday's Relative Volume at 2.32, with the stock gaining 4.75% during the session. Call open interest at 10,251 contracts vs. put open interest at 1,687 contracts (Put/Call ratio at 0.16). Short float at 2.45%, which implies a short ratio of 2.71 days. The stock has gained 95.83% over the last year.

8. Netgear Inc. (NASDAQ:NTGR): Communication Equipment Industry. Market cap of $1.12B. Wednesday's Relative Volume at 4.88, with the stock gaining 12.27% during the session. Call open interest at 15,792 contracts vs. put open interest at 3,553 contracts (Put/Call ratio at 0.22). Short float at 8.96%, which implies a short ratio of 7.29 days. The stock has gained 67.9% over the last year.

9. Brocade Communications Systems, Inc. (NASDAQ:BRCD): Data Storage Devices Industry. Market cap of $2.81B. Wednesday's Relative Volume at 2.73, with the stock gaining 5.09% during the session. Call open interest at 413,504 contracts vs. put open interest at 109,828 contracts (Put/Call ratio at 0.27). Short float at 6.17%, which implies a short ratio of 1.86 days. The stock has lost -29.18% over the last year.

10. DreamWorks Animation SKG Inc. (NASDAQ:DWA): Movie Production, Theaters Industry. Market cap of $2.98B. Wednesday's Relative Volume at 4.24, with the stock gaining 3.06% during the session. Call open interest at 5,293 contracts vs. put open interest at 1,450 contracts (Put/Call ratio at 0.27). Short float at 8.01%, which implies a short ratio of 9.74 days. The stock has gained 10.73% over the last year.

11. JDA Software Group Inc. (NASDAQ:JDAS): Business Software & Services Industry. Market cap of $1.05B. Wednesday's Relative Volume at 6.9, with the stock gaining 12.91% during the session. Call open interest at 1,435 contracts vs. put open interest at 399 contracts (Put/Call ratio at 0.28). Short float at 6.14%, which implies a short ratio of 5.53 days. The stock has gained 16.65% over the last year.

12. ViroPharma Inc. (VPHM): Biotechnology Industry. Market cap of $1.28B. Wednesday's Relative Volume at 2.93, with the stock gaining 6.73% during the session. Call open interest at 11,732 contracts vs. put open interest at 3,613 contracts (Put/Call ratio at 0.31). Short float at 8.33%, which implies a short ratio of 7.06 days. The stock has gained 79.93% over the last year.

13. First Industrial Realty Trust Inc. (NYSE:FR): REIT. Market cap of $458.51M. Wednesday's Relative Volume at 3.11, with the stock gaining 8.61% during the session. Call open interest at 4,342 contracts vs. put open interest at 1,405 contracts (Put/Call ratio at 0.32). Short float at 20.88%, which implies a short ratio of 11.45 days. The stock has gained 24.18% over the last year.

14. IAC/InterActiveCorp. (NASDAQ:IACI): Catalog & Mail Order Houses Industry. Market cap of $2.89B. Wednesday's Relative Volume at 2.79, with the stock gaining 4.23% during the session. Call open interest at 11,814 contracts vs. put open interest at 4,248 contracts (Put/Call ratio at 0.36). Short float at 6.94%, which implies a short ratio of 4.8 days. The stock has gained 43.4% over the last year.

15. Compellent Technologies, Inc. (NYSE:CML): Data Storage Devices Industry. Market cap of $829.23M. Wednesday's Relative Volume at 7.68, with the stock gaining 32.28% during the session. Call open interest at 17,989 contracts vs. put open interest at 7,338 contracts (Put/Call ratio at 0.41). Short float at 9.52%, which implies a short ratio of 3.13 days. The stock has gained 41.17% over the last year.

16. Arrow Electronics, Inc. (NYSE:ARW): Electronics Wholesale Industry. Market cap of $3.46B. Wednesday's Relative Volume at 2.61, with the stock gaining 3.31% during the session. Call open interest at 1,265 contracts vs. put open interest at 560 contracts (Put/Call ratio at 0.44). Short float at 2.8%, which implies a short ratio of 2.95 days. The stock has gained 6.3% over the last year.

17. Parametric Technology Corporation (PMTC): Technical & System Software Industry. Market cap of $2.47B. Wednesday's Relative Volume at 2.26, with the stock gaining 3.13% during the session. Call open interest at 3,058 contracts vs. put open interest at 1,581 contracts (Put/Call ratio at 0.52). Short float at 4.55%, which implies a short ratio of 5.24 days. The stock has gained 40.92% over the last year.

18. Littelfuse Inc. (NASDAQ:LFUS): Industrial Electrical Equipment Industry. Market cap of $951.65M. Wednesday's Relative Volume at 3.22, with the stock gaining 1.46% during the session. Call open interest at 602 contracts vs. put open interest at 321 contracts (Put/Call ratio at 0.53). Short float at 4.29%, which implies a short ratio of 8 days. The stock has gained 71.44% over the last year.

19. RF Micro Devices Inc. (RFMD): Semiconductor Industry. Market cap of $2.B. Wednesday's Relative Volume at 3.51, with the stock gaining 15.23% during the session. Call open interest at 25,839 contracts vs. put open interest at 14,158 contracts (Put/Call ratio at 0.55). Short float at 7%, which implies a short ratio of 2.29 days. The stock has gained 82.59% over the last year.

20. Align Technology Inc. (NASDAQ:ALGN): Medical Appliances & Equipment Industry. Market cap of $1.29B. Wednesday's Relative Volume at 2.28, with the stock gaining 1.44% during the session. Call open interest at 7,433 contracts vs. put open interest at 4,402 contracts (Put/Call ratio at 0.59). Short float at 16.45%, which implies a short ratio of 10.43 days. The stock has gained 0.48% over the last year.

Disclosure: No positions

Source: Wednesday's High Volume Gainers With Bullish Options Sentiment