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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 Friday's trading volume as a multiple of the 3-month average volume.

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

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research. 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. Wisconsin Energy Corp. (NYSE:WEC): Diversified Utilities Industry. Market cap of $6.82B. Friday's relative volume at 2.00, with the stock gaining 0.41% during the session. Call open interest at 3,589 contracts vs. put open interest at 205 contracts (Put/Call ratio at 0.06). Short float at 2.63%, which implies a short ratio of 4.75 days. The stock has gained 20.87% over the last year.

2. RPC Inc. (NYSE:RES): Oil & Gas Equipment & Services Industry. Market cap of $2.48B. Friday's relative volume at 1.73, with the stock gaining 1.95% during the session. Call open interest at 7,152 contracts vs. put open interest at 2,109 contracts (Put/Call ratio at 0.29). Short float at 17.73%, which implies a short ratio of 6.32 days. The stock has gained 103.77% over the last year.

3. ITC Holdings Corp. (NYSE:ITC): Electric Utilities Industry. Market cap of $3.28B. Friday's relative volume at 1.88, with the stock gaining 1.01% during the session. Call open interest at 329 contracts vs. put open interest at 102 contracts (Put/Call ratio at 0.31). Short float at 2.8%, which implies a short ratio of 7.95 days. The stock has gained 26.85% over the last year.

4. Atheros Communications Inc. (NASDAQ:ATHR): Semiconductor Industry. Market cap of $3.2B. Friday's relative volume at 2.07, with the stock gaining 0.31% during the session. Call open interest at 52,801 contracts vs. put open interest at 17,121 contracts (Put/Call ratio at 0.32). Short float at 13.51%, which implies a short ratio of 2.99 days. The stock has gained 22.85% over the last year.

5. ON Semiconductor Corp. (NASDAQ:ONNN): Semiconductor Industry. Market cap of $4.66B. Friday's relative volume at 2.04, with the stock gaining 2.37% during the session. Call open interest at 21,903 contracts vs. put open interest at 7,866 contracts (Put/Call ratio at 0.36). Short float at 4.41%, which implies a short ratio of 3.01 days. The stock has gained 21.26% over the last year.

6. SLM Corporation (NASDAQ:SLM): Credit Services Industry. Market cap of $6.57B. Friday's relative volume at 2.95, with the stock gaining 1.73% during the session. Call open interest at 161,867 contracts vs. put open interest at 77,300 contracts (Put/Call ratio at 0.48). Short float at 6.44%, which implies a short ratio of 8.77 days. The stock has gained 11.36% over the last year.

7. Interpublic Group of Companies, Inc. (NYSE:IPG): Advertising Agencies Industry. Market cap of $5.43B. Friday's relative volume at 2.29, with the stock gaining 4.42% during the session. Call open interest at 10,673 contracts vs. put open interest at 5,752 contracts (Put/Call ratio at 0.54). Short float at 3.71%, which implies a short ratio of 2.9 days. The stock has gained 52.82% over the last year.

8. Shaw Group Inc. (NYSE:SHAW): Heavy Construction Industry. Market cap of $2.82B. Friday's relative volume at 3.13, with the stock gaining 0.36% during the session. Call open interest at 14,589 contracts vs. put open interest at 7,946 contracts (Put/Call ratio at 0.54). Short float at 2.71%, which implies a short ratio of 2.58 days. The stock has gained 2.69% over the last year.

9. Progress Energy Inc. (NYSE:PGN): Electric Utilities Industry. Market cap of $13.1B. Friday's relative volume at 3.2, with the stock gaining 2.17% during the session. Call open interest at 10,873 contracts vs. put open interest at 6,057 contracts (Put/Call ratio at 0.56). Short float at 1.52%, which implies a short ratio of 2.76 days. The stock has gained 20.51% over the last year.

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