Seeking Alpha
Value, growth, long-term horizon, medium-term horizon
Profile| Send Message|
( followers)  

The following is a list of healthcare stocks with a large number of open put option positions relative to call option positions, i.e. bearish options market sentiment.

The options market seems to be expecting some near-term downside to these names--what do you think? Full details below.

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. Masimo Corporation (MASI): Medical Appliances & Equipment Industry. Market cap of $1.64B. Call open interest at 851 contracts vs. put open interest at 6,901 contracts (Put/Call ratio at 8.11). Short float at 12.4%, which implies a short ratio of 13.93 days. The stock has lost -4.0% over the last year.

2. Hanger Orthopedic Group Inc. (HGR): Specialized Health Services Industry. Market cap of $698.64M. Call open interest at 345 contracts vs. put open interest at 2,424 contracts (Put/Call ratio at 7.03). Short float at 3.11%, which implies a short ratio of 3.66 days. The stock has gained 50.95% over the last year.

3. HealthSpring Inc. (HS-OLD): Health Care Plans Industry. Market cap of $1.65B. Call open interest at 1,122 contracts vs. put open interest at 6,372 contracts (Put/Call ratio at 5.68). Short float at 5.25%, which implies a short ratio of 5.1 days. The stock has gained 53.11% over the last year.

4. Cyberonics Inc. (CYBX): Medical Appliances & Equipment Industry. Market cap of $972.57M. Call open interest at 908 contracts vs. put open interest at 2,825 contracts (Put/Call ratio at 3.11). Short float at 6.34%, which implies a short ratio of 9.04 days. The stock has gained 68.58% over the last year.

5. Nordion Inc. Common Stock (NDZ): Specialized Health Services Industry. Market cap of $702.66M. Call open interest at 135 contracts vs. put open interest at 361 contracts (Put/Call ratio at 2.67). Short float at 0.38%, which implies a short ratio of 1.83 days. The stock has gained 38.04% over the last year.

6. AMERIGROUP Corporation (AGP): Health Care Plans Industry. Market cap of $2.32B. Call open interest at 2,738 contracts vs. put open interest at 5,966 contracts (Put/Call ratio at 2.18). Short float at 13.22%, which implies a short ratio of 9.67 days. The stock has gained 62.1% over the last year.

7. Illumina Inc. (ILMN): Biotechnology Industry. Market cap of $8.21B. Call open interest at 11,332 contracts vs. put open interest at 24,216 contracts (Put/Call ratio at 2.14). Short float at 8.18%, which implies a short ratio of 8.26 days. The stock has gained 98.07% over the last year.

8. HEALTHSOUTH Corp. (HLS): Specialized Health Services Industry. Market cap of $2B. Call open interest at 1,567 contracts vs. put open interest at 3,308 contracts (Put/Call ratio at 2.11). Short float at 11.71%, which implies a short ratio of 12.15 days. The stock has gained 8.51% over the last year.

9. LHC Group, Inc. (LHCG): Home Health Care Industry. Market cap of $560.4M. Call open interest at 439 contracts vs. put open interest at 915 contracts (Put/Call ratio at 2.08). Short float at 9.95%, which implies a short ratio of 11.08 days. The stock has lost -7.52% over the last year.

10. Chelsea Therapeutics International Ltd. (CHTP): Biotechnology Industry. Market cap of $385.42M. Call open interest at 8,243 contracts vs. put open interest at 17,094 contracts (Put/Call ratio at 2.07). Short float at 7.64%, which implies a short ratio of 5.23 days. The stock has gained 177.21% over the last year.

11. Dr. Reddy's Laboratories Ltd. (RDY): Drug Manufacturer. Market cap of $6.2B. Call open interest at 1,225 contracts vs. put open interest at 2,416 contracts (Put/Call ratio at 1.97). Short float at 5.37%, which implies a short ratio of 16.58 days. The stock has gained 41.19% over the last year.

12. Genomic Health Inc. (GHDX): Medical Laboratories & Research Industry. Market cap of $634.05M. Call open interest at 477 contracts vs. put open interest at 825 contracts (Put/Call ratio at 1.73). Short float at 7.88%, which implies a short ratio of 12.17 days. The stock has gained 25.19% over the last year.

13. Momenta Pharmaceuticals Inc. (MNTA): Biotechnology Industry. Market cap of $755.55M. Call open interest at 34,399 contracts vs. put open interest at 58,156 contracts (Put/Call ratio at 1.69). Short float at 22.84%, which implies a short ratio of 10.69 days. The stock has gained 31.7% over the last year.

14. Endo Pharmaceuticals Holdings Inc. (ENDP): Drug Manufacturer. Market cap of $4.06B. Call open interest at 6,079 contracts vs. put open interest at 9,771 contracts (Put/Call ratio at 1.61). Short float at 5.17%, which implies a short ratio of 4.74 days. The stock has gained 72.11% over the last year.

15. Pharmasset, Inc. (VRUS): Drug Manufacturer. Market cap of $1.56B. Call open interest at 308 contracts vs. put open interest at 487 contracts (Put/Call ratio at 1.58). Short float at 8.27%, which implies a short ratio of 10.13 days. The stock has gained 130.49% over the last year.

Source: Top 15 Healthcare Stocks With Bearish Options Sentiment