25 Underperforming Stocks With Bullish Options Sentiment

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 |  Includes: AIBYY, ANW, BBVA, COCO, DFT, EJ, GFA, INFN, JASO, JNY, MDT, NKTR, NOK, NPD, OWW, PCYC, PMIR, PTRY, RBS, RGC, S, SOL, SONS, SPY, TLB, WL
by: Kapitall

The following is a list of stocks that have lagged the rest of the market over the last quarter. Judging by the number of open call option positions relative to put option positions on these names, it's worth noting that options traders expect these stocks to rebound over the coming weeks.

To compile this list, we started with a universe of about 160 stocks that saw negative returns over the last quarter. We then narrowed down the list by only focusing on those companies that have a large number of open call option positions relative to put option positions (i.e. bullish options market sentiment).

Options traders expect these names to rebound--what do you think? Use this list as a starting point for your own analysis.

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

Interactive Chart: Press Play to compare changes in market cap for the top six names mentioned below. Note: The numbers on top of items represent the forward P/E ratio, if available.

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

1. Pantry Inc. (NASDAQ:PTRY): Grocery Stores Industry. Market cap of $450.42M. The stock has lost -16.97% over the last quarter. Call open interest at 3,646 contracts vs. put open interest at 377 contracts (Put/Call ratio at 0.1). Short float at 3.64%, which implies a short ratio of 5.27. The stock has gained 46.14% over the last year.

2. Regal Entertainment Group (NYSE:RGC): Movie Theaters Industry. Market cap of $1.81B. The stock has lost -10.11% over the last quarter. Call open interest at 14,114 contracts vs. put open interest at 2,493 contracts (Put/Call ratio at 0.18). Short float at 7.48%, which implies a short ratio of 5.86. The stock has lost -14.49% over the last year.

3. PMI Group Inc. (PMI): Surety & Title Insurance Industry. Market cap of $531.86M. The stock has lost -11.53% over the last quarter. Call open interest at 31,330 contracts vs. put open interest at 6,943 contracts (Put/Call ratio at 0.22). Short float at 17.04%, which implies a short ratio of 4.32. The stock has gained 30.95% over the last year.

4. Given Imaging Ltd. (GIVN): Medical Appliances & Equipment Industry. Market cap of $410.65M. The stock has lost -18.58% over the last quarter. Call open interest at 382 contracts vs. put open interest at 87 contracts (Put/Call ratio at 0.23). Short float at 1.8%, which implies a short ratio of 4.44. The stock has lost -16.15% over the last year.

5. Sonus Networks, Inc. (NASDAQ:SONS): Communication Equipment Industry. Market cap of $738.17M. The stock has lost -24.15% over the last quarter. Call open interest at 15,672 contracts vs. put open interest at 3,703 contracts (Put/Call ratio at 0.24). Short float at 2.83%, which implies a short ratio of 2.44. The stock has gained 26.54% over the last year.

6. China Nepstar Chain Drugstore Ltd. (NYSE:NPD): Drug Stores Industry. Market cap of $396.4M. The stock has lost -13.93% over the last quarter. Call open interest at 706 contracts vs. put open interest at 178 contracts (Put/Call ratio at 0.25). Short float at 0.13%, which implies a short ratio of 0.41. The stock has lost -45.36% over the last year.

7. Sprint Nextel Corp. (NYSE:S): Wireless Communications Industry. Market cap of $12.64B. The stock has lost -10.38% over the last quarter. Call open interest at 702,702 contracts vs. put open interest at 192,142 contracts (Put/Call ratio at 0.27). Short float at 4.46%, which implies a short ratio of 2.73. The stock has gained 15.57% over the last year.

8. ReneSola Ltd. (NYSE:SOL): Semiconductor Industry. Market cap of $759.07M. The stock has lost -29.23% over the last quarter. Call open interest at 15,735 contracts vs. put open interest at 4,350 contracts (Put/Call ratio at 0.28). Short float at 6.49%, which implies a short ratio of 0.89. The stock has gained 42.58% over the last year.

9. Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA): Foreign Regional Banks Industry. Market cap of $38.12B. The stock has lost -23.88% over the last quarter. Call open interest at 37,463 contracts vs. put open interest at 10,440 contracts (Put/Call ratio at 0.28). Short float at 0.14%, which implies a short ratio of 1.94. The stock has lost -41.72% over the last year.

10. Gafisa S.A. (NYSE:GFA): Residential Construction Industry. Market cap of $2.42B. The stock has lost -11.08% over the last quarter. Call open interest at 2,589 contracts vs. put open interest at 765 contracts (Put/Call ratio at 0.3). Short float at 5.18%, which implies a short ratio of 3.65. The stock has lost -9.3% over the last year.

11. Alcatel-Lucent (ALU): Communication Equipment Industry. Market cap of $6.69B. The stock has lost -13.2% over the last quarter. Call open interest at 145,632 contracts vs. put open interest at 44,881 contracts (Put/Call ratio at 0.31). Short float at 1.47%, which implies a short ratio of 2.13. The stock has lost -10.84% over the last year.

12. Allied Irish Banks plc (AIB): Foreign Money Center Banks Industry. Market cap of $562.73M. The stock has lost -37.59% over the last quarter. Call open interest at 19,246 contracts vs. put open interest at 6,248 contracts (Put/Call ratio at 0.32). Short float at 0.47%, which implies a short ratio of 0.3. The stock has lost -74.93% over the last year.

13. Corinthian Colleges Inc. (NASDAQ:COCO): Education & Training Services Industry. Market cap of $439.62M. The stock has lost -27.54% over the last quarter. Call open interest at 74,890 contracts vs. put open interest at 24,950 contracts (Put/Call ratio at 0.33). Short float at 31.67%, which implies a short ratio of 4.87. The stock has lost -62.16% over the last year.

14. Jones Apparel Group, Inc. (NYSE:JNY): Apparel Stores Industry. Market cap of $1.35B. The stock has lost -20.02% over the last quarter. Call open interest at 7,234 contracts vs. put open interest at 2,579 contracts (Put/Call ratio at 0.36). Short float at 5.53%, which implies a short ratio of 2.28. The stock has lost -3% over the last year.

15. Orbitz Worldwide, Inc. (NYSE:OWW): General Entertainment Industry. Market cap of $571.91M. The stock has lost -12.24% over the last quarter. Call open interest at 889 contracts vs. put open interest at 349 contracts (Put/Call ratio at 0.39). Short float at 1.46%, which implies a short ratio of 5.22. The stock has lost -23.84% over the last year.

16. The Talbots Inc. (NYSE:TLB): Apparel Stores Industry. Market cap of $600.4M. The stock has lost -34.11% over the last quarter. Call open interest at 33,721 contracts vs. put open interest at 14,184 contracts (Put/Call ratio at 0.42). Short float at 23.16%, which implies a short ratio of 4.34. The stock has lost -4.38% over the last year.

17. Aegean Marine Petroleum Network Inc. (NYSE:ANW): Basic Materials Wholesale Industry. Market cap of $497.41M. The stock has lost -37.73% over the last quarter. Call open interest at 9,870 contracts vs. put open interest at 4,230 contracts (Put/Call ratio at 0.43). Short float at 5.69%, which implies a short ratio of 1.73. The stock has lost -61.95% over the last year.

18. E-House Holdings Limited (NYSE:EJ): Property Management Industry. Market cap of $1.2B. The stock has lost -20.93% over the last quarter. Call open interest at 3,065 contracts vs. put open interest at 1,324 contracts (Put/Call ratio at 0.43). Short float at 3.97%, which implies a short ratio of 6.45. The stock has lost -16.42% over the last year.

19. Wilmington Trust Corporation (NYSE:WL): Regional Bank. Market cap of $397.02M. The stock has lost -52.2% over the last quarter. Call open interest at 2,988 contracts vs. put open interest at 1,354 contracts (Put/Call ratio at 0.45). Short float at 3.46%, which implies a short ratio of 0.85. The stock has lost -65.06% over the last year.

20. Nektar Therapeutics (NASDAQ:NKTR): Biotechnology Industry. Market cap of $1.21B. The stock has lost -12.64% over the last quarter. Call open interest at 3,875 contracts vs. put open interest at 1,798 contracts (Put/Call ratio at 0.46). Short float at 9.92%, which implies a short ratio of 14.18. The stock has gained 40.44% over the last year.

21. Infinera Corp. (NASDAQ:INFN): Communication Equipment Industry. Market cap of $1.05B. The stock has lost -12.46% over the last quarter. Call open interest at 27,145 contracts vs. put open interest at 12,674 contracts (Put/Call ratio at 0.47). Short float at 4.87%, which implies a short ratio of 2.49. The stock has gained 16.46% over the last year.

22. Royal Bank of Scotland Group plc (NYSE:RBS): Foreign Money Center Banks Industry. Market cap of $65.17B. The stock has lost -18.73% over the last quarter. Call open interest at 2,718 contracts vs. put open interest at 1,294 contracts (Put/Call ratio at 0.48). Short float at 0.1%, which implies a short ratio of 2.26. The stock has gained 9.12% over the last year.

23. DuPont Fabros Technology, Inc. (NYSE:DFT): Property Management Industry. Market cap of $1.27B. The stock has lost -14.44% over the last quarter. Call open interest at 2,535 contracts vs. put open interest at 1,210 contracts (Put/Call ratio at 0.48). Short float at 22.53%, which implies a short ratio of 13.38. The stock has gained 20.51% over the last year.

24. JA Solar Holdings Co., Ltd. (NASDAQ:JASO): Semiconductor Industry. Market cap of $1.17B. The stock has lost -20.28% over the last quarter. Call open interest at 46,373 contracts vs. put open interest at 22,734 contracts (Put/Call ratio at 0.49). Short float at 18.29%, which implies a short ratio of 2.58. The stock has gained 21.4% over the last year.

25. Pharmacyclics Inc. (NASDAQ:PCYC): Drug Manufacturer. Market cap of $363.22M. The stock has lost -25.12% over the last quarter. Call open interest at 42,743 contracts vs. put open interest at 21,394 contracts (Put/Call ratio at 0.5). Short float at 6.66%, which implies a short ratio of 6.24. The stock has gained 93.02% over the last year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.