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The following is a list of overbought stocks, as defined by the Relative Strength, or RSI(14), indicator. To control for quality, we only focus on stocks with market caps north of $300M.

All of these stocks have very high Put/Call ratios, meaning that put option open interest is much larger than call option open interest. In other words, options traders expect these stocks to reverse over the next few weeks. What do you think?

RSI(14) values sourced from Finviz (based on Friday's close), options data sourced from Schaeffer's (sourced on Sunday evening). Full analysis below.

Interactive Chart: Press Play to see how analyst ratings have changed for all stocks mentioned below. (Analyst ratings sourced from Zacks Investment Research.)

The list has been sorted by Put/Call ratio.

1. Dollar General Corporation (NYSE:DG): Discount Variety Stores Industry. Market cap of $11.17B. RSI(14) at 72.09. Call open interest at 3,215 contracts vs. put open interest at 19,879 contracts (Put/Call ratio at 6.18). Short float at 4.51%, which implies a short ratio of 17 days. The stock has gained 37.91% over the last year.

2. Genesco Inc. (NYSE:GCO): Apparel Stores Industry. Market cap of $947.81M. RSI(14) at 77.96. Call open interest at 378 contracts vs. put open interest at 1,474 contracts (Put/Call ratio at 3.9). Short float at 5.61%, which implies a short ratio of 7.25 days. The stock has gained 47.82% over the last year.

3. Shuffle Master Inc. (NASDAQ:SHFL): Diversified Machinery Industry. Market cap of $585.64M. RSI(14) at 77.91. Call open interest at 1,875 contracts vs. put open interest at 6,455 contracts (Put/Call ratio at 3.44). Short float at 3.55%, which implies a short ratio of 5.91 days. The stock has gained 32.04% over the last year.

4. Carlisle Companies Inc. (NYSE:CSL): Rubber & Plastics Industry. Market cap of $2.28B. RSI(14) at 72.43. Call open interest at 233 contracts vs. put open interest at 698 contracts (Put/Call ratio at 3.). Short float at 3.48%, which implies a short ratio of 4.65 days. The stock has gained 16.69% over the last year.

5. International Rectifier Corporation (NYSE:IRF): Semiconductor Industry. Market cap of $1.98B. RSI(14) at 74.37. Call open interest at 804 contracts vs. put open interest at 2,273 contracts (Put/Call ratio at 2.83). Short float at 5.12%, which implies a short ratio of 5.75 days. The stock has gained 49.29% over the last year.

6. Illumina Inc. (NASDAQ:ILMN): Biotechnology Industry. Market cap of $7.63B. RSI(14) at 74.32. Call open interest at 7,589 contracts vs. put open interest at 19,177 contracts (Put/Call ratio at 2.53). Short float at 7.34%, which implies a short ratio of 7.15 days. The stock has gained 112.54% over the last year.

7. W&T Offshore Inc. (NYSE:WTI): Oil & Gas Drilling & Exploration Industry. Market cap of $1.23B. RSI(14) at 71.52. Call open interest at 3,128 contracts vs. put open interest at 7,355 contracts (Put/Call ratio at 2.35). Short float at 24.3%, which implies a short ratio of 11.48 days. The stock has gained 54.32% over the last year.

8. Eaton Corporation (NYSE:ETN): Industrial Electrical Equipment Industry. Market cap of $16.49B. RSI(14) at 72.4. Call open interest at 8,682 contracts vs. put open interest at 18,576 contracts (Put/Call ratio at 2.14). Short float at 2.01%, which implies a short ratio of 2.05 days. The stock has gained 54.07% over the last year.

Disclosure: No positions

Source: 8 Overbought Stocks With Bearish Options Sentiment