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The following is a list of stocks that have recently been upgraded by research analysts and that have a large number of open call option positions relative to put option positions (i.e. bullish options sentiment).

Wall Street analysts are turning bullish on these names, and options traders seem to think these stocks have some near-term upside. What do you think? Full analysis below.

Analyst rating changes sourced from RTT News and options data is sourced from Schaeffer's.

Interactive Chart: Press Play to see how market caps have changed for all the stocks mentioned below.

1. Chico's FAS Inc. (NYSE:CHS): Apparel Stores Industry. Market cap of $2.2B. KeyBanc Capital Markets upgraded the stock from Hold to Buy on 10/15. Call open interest at 65,472 contracts vs. put open interest at 11,478 contracts (Put/Call ratio at 0.18). Short float at 5.84%, which implies a short ratio of 2.3 days. The stock has lost -12.46% over the last year.

2. RAIT Financial Trust (NYSE:RAS): Property Management Industry. Market cap of $179.03M. FBR Capital Markets upgraded the stock from Underperform to Market Perform on 11/19. Call open interest at 9,407 contracts vs. put open interest at 1,719 contracts (Put/Call ratio at 0.18). Short float at 6.2%, which implies a short ratio of 2.59 days. The stock has gained 22.3% over the last year.

3. DuPont Fabros Technology, Inc. (NYSE:DFT): Property Management Industry. Market cap of $1.36B. FBR Capital Markets upgraded the stock from Underperform to Outperform on 10/18. Call open interest at 2,975 contracts vs. put open interest at 702 contracts (Put/Call ratio at 0.24). Short float at 22.85%, which implies a short ratio of 13.84 days. The stock has gained 37.56% over the last year.

4. Corporate Office Properties Trust (NYSE:OFC): REIT Industry. Market cap of $2.09B. FBR Capital Markets upgraded the stock from Underperform to Market Perform on 11/03. Call open interest at 978 contracts vs. put open interest at 331 contracts (Put/Call ratio at 0.34). Short float at 6.79%, which implies a short ratio of 5.13 days. The stock has gained 1.94% over the last year.

5. Western Alliance Bancorporation (NYSE:WAL): Regional Banks Industry. Market cap of $532.33M. Credit Suisse upgraded the stock from Neutral to Outperform on 11/23. Call open interest at 707 contracts vs. put open interest at 246 contracts (Put/Call ratio at 0.35). Short float at 9.78%, which implies a short ratio of 17.61 days. The stock has gained 58.5% over the last year.

6. First Horizon National Corp. (NYSE:FHN): Regional Banks Industry. Market cap of $2.37B. Deutsche Bank upgraded the stock from Hold to Buy on 10/06. Call open interest at 12,539 contracts vs. put open interest at 4,750 contracts (Put/Call ratio at 0.38). Short float at 13.46%, which implies a short ratio of 7.34 days. The stock has lost -26.85% over the last year.

7. Developers Diversified Realty Corp. (NYSE:DDR): REIT Industry. Market cap of $3.39B. Deutsche Bank upgraded the stock from Hold to Buy on 10/28. Call open interest at 7,752 contracts vs. put open interest at 3,856 contracts (Put/Call ratio at 0.50). Short float at 8.8%, which implies a short ratio of 5.77 days. The stock has gained 35.97% over the last year.

8. BioMed Realty Trust Inc. (NYSE:BMR): REIT Industry. Market cap of $2.33B. FBR Capital Markets upgraded the stock from Underperform to Market Perform on 11/11. Call open interest at 959 contracts vs. put open interest at 479 contracts (Put/Call ratio at 0.50). Short float at 5.47%, which implies a short ratio of 4.38 days. The stock has gained 24.91% over the last year.

Disclosure: No positions

Source: 8 Recently Upgraded Stocks With Bullish Options Sentiment