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The following is a list of oversold stocks, as determined by the Relative Strength, or RSI(14), indicator. All of the stocks in this list have RSI(14) values below 40, which usually signal oversold conditions.

In addition, all of these stocks have a large number of open put option contracts relative to call option contracts, suggesting that options traders expect more downside from these names.

Is this excessive pessimism warranted? What do you think? Full details below.

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

click for expanded image

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

1. Lumber Liquidators Holdings, Inc. (NYSE:LL): Home Improvement Stores Industry. Market cap of $589.8M. RSI(14) at 38.25. Call open interest at 742 contracts vs. put open interest at 4,500 contracts (Put/Call ratio 6.06). Short float at 21%, which implies a short ratio of 12.5 days. The stock has lost -6.03% over the last year.

2. Digital Realty Trust Inc. (NYSE:DLR): REIT Industry. Market cap of $4.94B. RSI(14) at 33.31. Call open interest at 1,223 contracts vs. put open interest at 7,403 contracts (Put/Call ratio 6.05). Short float at 16.2%, which implies a short ratio of 12.2 days. The stock has gained 30.62% over the last year.

3. Citi Trends (NASDAQ:CTRN): Apparel Stores Industry. Market cap of $307.93M. RSI(14) at 36.35. Call open interest at 807 contracts vs. put open interest at 2,765 contracts (Put/Call ratio 3.43). Short float at 10.96%, which implies a short ratio of 7.43 days. The stock has lost -23.26% over the last year.

4. Medicines Co. (NASDAQ:MDCO): Drug Manufacturers Industry. Market cap of $669.42M. RSI(14) at 39.34. Call open interest at 3,466 contracts vs. put open interest at 8,451 contracts (Put/Call ratio 2.44). Short float at 5.44%, which implies a short ratio of 3.71 days. The stock has gained 65.79% over the last year.

5. DigitalGlobe, Inc. (NYSE:DGI): Aerospace/Defense Industry. Market cap of $1.41B. RSI(14) at 38.41. Call open interest at 1,993 contracts vs. put open interest at 4,242 contracts (Put/Call ratio 2.13). Short float at 2.85%, which implies a short ratio of 3.04 days. The stock has gained 45.73% over the last year.

6. Big Lots Inc. (NYSE:BIG): Discount, Variety Stores Industry. Market cap of $2.21B. RSI(14) at 33.43. Call open interest at 14,613 contracts vs. put open interest at 30,776 contracts (Put/Call ratio 2.11). Short float at 9.93%, which implies a short ratio of 4.7 days. The stock has gained 17.94% over the last year.

7. FTI Consulting, Inc. (NYSE:FCN): Management Services Industry. Market cap of $1.64B. RSI(14) at 39.07. Call open interest at 8,034 contracts vs. put open interest at 15,572 contracts (Put/Call ratio 1.94). Short float at 5.22%, which implies a short ratio of 5.8 days. The stock has lost -17.9% over the last year.

8. The St. Joe Company (NYSE:JOE): Real Estate Development Industry. Market cap of $1.87B. RSI(14) at 36.03. Call open interest at 33,696 contracts vs. put open interest at 60,983 contracts (Put/Call ratio 1.81). Short float at 19.25%, which implies a short ratio of 15.08 days. The stock has lost -19.38% over the last year.

9. Tyson Foods Inc. (NYSE:TSN): Meat Products Industry. Market cap of $5.82B. RSI(14) at 38.97. Call open interest at 60,933 contracts vs. put open interest at 96,254 contracts (Put/Call ratio 1.58). Short float at 6.78%, which implies a short ratio of 3.82 days. The stock has gained 24.68% over the last year.

10. Casey's General Stores Inc. (NASDAQ:CASY): Grocery Stores Industry. Market cap of $1.5B. RSI(14) at 32.39. Call open interest at 18,697 contracts vs. put open interest at 29,281 contracts (Put/Call ratio 1.57). Short float at 9.04%, which implies a short ratio of 3.16 days. The stock has gained 26.07% over the last year.

11. NuVasive, Inc. (NASDAQ:NUVA): Medical Instruments & Supplies Industry. Market cap of $956.54M. RSI(14) at 23.86. Call open interest at 4,247 contracts vs. put open interest at 6,433 contracts (Put/Call ratio 1.51). Short float at 20.27%, which implies a short ratio of 8.15 days. The stock has lost -33.43% over the last year.

12. Tsakos Energy Navigation Ltd. (NYSE:TNP): Shipping Industry. Market cap of $379.56M. RSI(14) at 31.23. Call open interest at 2,011 contracts vs. put open interest at 3,036 contracts (Put/Call ratio 1.51). Short float at 0.49%, which implies a short ratio of 0.78 days. The stock has lost -29.42% over the last year.

13. Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA): Foreign Regional Banks Industry. Market cap of $47.75B. RSI(14) at 38.78. Call open interest at 18,085 contracts vs. put open interest at 27,099 contracts (Put/Call ratio 1.5). Short float at 0.24%, which implies a short ratio of 4.08 days. The stock has lost -24.44% over the last year.

14. Wilmington Trust Corporation (NYSE:WL): Regional Banks Industry. Market cap of $391.79M. RSI(14) at 23.89. Call open interest at 6,108 contracts vs. put open interest at 8,742 contracts (Put/Call ratio 1.43). Short float at 13.09%, which implies a short ratio of 3.9 days. The stock has lost -64.06% over the last year.

15. Auxilium Pharmaceuticals Inc. (NASDAQ:AUXL): Drug Related Products Industry. Market cap of $1.05B. RSI(14) at 22.39. Call open interest at 6,333 contracts vs. put open interest at 8,899 contracts (Put/Call ratio 1.41). Short float at 24.64%, which implies a short ratio of 19.89 days. The stock has lost -30.74% over the last year.

16. Wright Medical Group Inc. (NASDAQ:WMGI): Medical Appliances & Equipment Industry. Market cap of $513.M. RSI(14) at 39.27. Call open interest at 489 contracts vs. put open interest at 669 contracts (Put/Call ratio 1.37). Short float at 6.16%, which implies a short ratio of 8.26 days. The stock has lost -24.17% over the last year.

17. Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX): Drug Manufacturers Industry. Market cap of $7.06B. RSI(14) at 37.84. Call open interest at 22,612 contracts vs. put open interest at 29,581 contracts (Put/Call ratio 1.31). Short float at 6.36%, which implies a short ratio of 7.56 days. The stock has lost -5.75% over the last year.

18. Republic Services, Inc. (NYSE:RSG): Waste Management Industry. Market cap of $11.47B. RSI(14) at 36.42. Call open interest at 2,691 contracts vs. put open interest at 3,444 contracts (Put/Call ratio 1.28). Short float at 0.75%, which implies a short ratio of 0.97 days. The stock has gained 16.4% over the last year.

19. Energizer Holdings Inc. (NYSE:ENR): Personal Products Industry. Market cap of $4.72B. RSI(14) at 37.17. Call open interest at 5,853 contracts vs. put open interest at 7,296 contracts (Put/Call ratio 1.25). Short float at 3.55%, which implies a short ratio of 2.99 days. The stock has gained 23.37% over the last year.

20. Abbott Laboratories (NYSE:ABT): Drug Manufacturers Industry. Market cap of $78.56B. RSI(14) at 38.92. Call open interest at 122,775 contracts vs. put open interest at 150,629 contracts (Put/Call ratio 1.23). Short float at 0.68%, which implies a short ratio of 1.57 days. The stock has gained 3.31% over the last year.

21. SBA Communications Corp. (NASDAQ:SBAC): Rental & Leasing Services Industry. Market cap of $4.49B. RSI(14) at 38.66. Call open interest at 15,092 contracts vs. put open interest at 18,503 contracts (Put/Call ratio 1.23). Short float at 11.21%, which implies a short ratio of 10.96 days. The stock has gained 36.85% over the last year.

22. Clearwire Corporation (CLWR): Wireless Communications Industry. Market cap of $7.07B. RSI(14) at 33.73. Call open interest at 15,043 contracts vs. put open interest at 18,291 contracts (Put/Call ratio 1.22). Short float at 9.63%, which implies a short ratio of 7.58 days. The stock has gained 12.03% over the last year.

23. Rex Energy Corporation (NASDAQ:REXX): Oil & Gas Drilling & Exploration Industry. Market cap of $522.43M. RSI(14) at 39.34. Call open interest at 1,564 contracts vs. put open interest at 1,834 contracts (Put/Call ratio 1.17). Short float at 19.18%, which implies a short ratio of 12.73 days. The stock has gained 42.89% over the last year.

24. Banco Santander, S.A. (STD): Foreign Money Center Banks Industry. Market cap of $102.86B. RSI(14) at 37.35. Call open interest at 49,646 contracts vs. put open interest at 58,023 contracts (Put/Call ratio 1.17). Short float at 0.07%, which implies a short ratio of 0.92 days. The stock has lost -18.41% over the last year.

25. Marshall & Ilsley Corporation (NYSE:MI): Regional Banks Industry. Market cap of $3.03B. RSI(14) at 37.25. Call open interest at 12,768 contracts vs. put open interest at 14,433 contracts (Put/Call ratio 1.13). Short float at 3.54%, which implies a short ratio of 2.18 days. The stock has gained 13.21% over the last year.

Disclosure: No positions

Source: 25 Oversold Stocks With Bearish Options Sentiment