18 Rallies That Options Traders Think Will Continue

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 |  Includes: ATML, CEVA, DMAN, ELN, HDY, IVAN, JOBS, LNG, MIPS, NAK, NCT, POWL, PZG, QLTI, QRVO, SATCQ, SOL, SRX
by: Kapitall

The following is a list of stocks in rally mode, i.e. trading above their 20-day, 50-day and 200-day moving averages. All of these stocks have a large number of open call option contracts relative to put option contracts, i.e. bullish options market sentiment.

Options traders seem to think the upward momentum will continue, what do you think? Full details below.

We last wrote about this screen on November 9, 2010. On that day, the screen produced 19 companies (excluding Clarient Inc., which has been acquired since then). Since then, 17 out of 19 companies mentioned in that article have outperformed the S&P 500 index (a success rate of 89.47%). The screen averaged a return of 14.62% vs. an index return of 4.79%. Click here to access a full breakdown of the screen's past performance.

Options data sourced from Schaeffer's, moving average 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. QLT Inc. (NASDAQ:QLTI): Biotechnology Industry. Market cap of $409.12M. The stock is currently 15.02% above its 20-day MA, 28.51% above its 50-day MA, and 38.17% above its 200-day MA. Call open interest at 496 contracts vs. put open interest at 7 contracts (Put/Call ratio at 0.01). Short float at 1.58%, which implies a short ratio of 3.69 days. The stock has gained 66.67% over the last year.

2. DemandTec, Inc. (NASDAQ:DMAN): Business Software & Services Industry. Market cap of $395.81M. The stock is currently 14.64% above its 20-day MA, 18.86% above its 50-day MA, and 55.06% above its 200-day MA. Call open interest at 533 contracts vs. put open interest at 37 contracts (Put/Call ratio at 0.07). Short float at 2.95%, which implies a short ratio of 2.84 days. The stock has gained 69.14% over the last year.

3. Paramount Gold and Silver Corp. (NYSEMKT:PZG): Industrial Metals & Minerals Industry. Market cap of $492.66M. The stock is currently 12.52% above its 20-day MA, 59.89% above its 50-day MA, and 122.75% above its 200-day MA. Call open interest at 826 contracts vs. put open interest at 87 contracts (Put/Call ratio at 0.11). Short float at 1.65%, which implies a short ratio of 1.09 days. The stock has gained 111.93% over the last year.

4. SRA International Inc. (NYSE:SRX): Information Technology Services Industry. Market cap of $1.47B. The stock is currently 20.94% above its 20-day MA, 25.12% above its 50-day MA, and 24.88% above its 200-day MA. Call open interest at 3,653 contracts vs. put open interest at 448 contracts (Put/Call ratio at 0.12). Short float at 3.82%, which implies a short ratio of 4.2 days. The stock has gained 39.38% over the last year.

5. MIPS Technologies Inc. (NASDAQ:MIPS): Semiconductor Industry. Market cap of $856.88M. The stock is currently 12.53% above its 20-day MA, 17.55% above its 50-day MA, and 104.47% above its 200-day MA. Call open interest at 60,804 contracts vs. put open interest at 7,624 contracts (Put/Call ratio at 0.13). Short float at 17.49%, which implies a short ratio of 3.24 days. The stock has gained 267.74% over the last year.

6. Cheniere Energy, Inc. (NYSEMKT:LNG): Oil & Gas Drilling & Exploration Industry. Market cap of $416.16M. The stock is currently 15.49% above its 20-day MA, 28.34% above its 50-day MA, and 84.58% above its 200-day MA. Call open interest at 49,557 contracts vs. put open interest at 7,489 contracts (Put/Call ratio at 0.15). Short float at 17.75%, which implies a short ratio of 4.72 days. The stock has gained 129.21% over the last year.

7. Ivanhoe Energy Inc. (NASDAQ:IVAN): Independent Oil & Gas Industry. Market cap of $1.05B. The stock is currently 15.67% above its 20-day MA, 25.14% above its 50-day MA, and 37.55% above its 200-day MA. Call open interest at 832 contracts vs. put open interest at 133 contracts (Put/Call ratio at 0.16). Short float at 1.04%, which implies a short ratio of 2.29 days. The stock has lost -0.95% over the last year.

8. 51job Inc. (NASDAQ:JOBS): Staffing & Outsourcing Services Industry. Market cap of $1.6B. The stock is currently 16.3% above its 20-day MA, 18.23% above its 50-day MA, and 84.49% above its 200-day MA. Call open interest at 7,900 contracts vs. put open interest at 1,303 contracts (Put/Call ratio at 0.16). Short float at 2.96%, which implies a short ratio of 4.05 days. The stock has gained 201.16% over the last year.

9. Hyperdynamics Corporation (NYSE:HDY): Oil & Gas Drilling & Exploration Industry. Market cap of $802.72M. The stock is currently 39.87% above its 20-day MA, 81.13% above its 50-day MA, and 232.95% above its 200-day MA. Call open interest at 4,704 contracts vs. put open interest at 806 contracts (Put/Call ratio at 0.17). Short float at 3.03%, which implies a short ratio of 2.29 days. The stock has gained 634.09% over the last year.

10. Northern Dynasty Minerals Ltd. (NYSEMKT:NAK): Gold Industry. Market cap of $1.35B. The stock is currently 11.42% above its 20-day MA, 36.39% above its 50-day MA, and 75.48% above its 200-day MA. Call open interest at 11,636 contracts vs. put open interest at 2,050 contracts (Put/Call ratio at 0.18). Short float at 1.05%, which implies a short ratio of 1.46 days. The stock has gained 52.82% over the last year.

11. Satcon Technology Corporation (SATC): Semiconductor Industry. Market cap of $581.61M. The stock is currently 12.76% above its 20-day MA, 23.12% above its 50-day MA, and 53.34% above its 200-day MA. Call open interest at 4,166 contracts vs. put open interest at 842 contracts (Put/Call ratio at 0.2). Short float at 11.51%, which implies a short ratio of 5.36 days. The stock has gained 81.09% over the last year.

12. Newcastle Investment Corp. (NYSE:NCT): REIT. Market cap of $446.54M. The stock is currently 16.73% above its 20-day MA, 32.84% above its 50-day MA, and 103.17% above its 200-day MA. Call open interest at 2,318 contracts vs. put open interest at 546 contracts (Put/Call ratio at 0.24). Short float at 3.88%, which implies a short ratio of 3.18 days. The stock has gained 213.04% over the last year.

13. Atmel Corporation (NASDAQ:ATML): Semiconductor Industry. Market cap of $6.22B. The stock is currently 10.87% above its 20-day MA, 22.98% above its 50-day MA, and 89.21% above its 200-day MA. Call open interest at 63,278 contracts vs. put open interest at 15,083 contracts (Put/Call ratio at 0.24). Short float at 2.66%, which implies a short ratio of 1.15 days. The stock has gained 157.2% over the last year.

14. TriQuint Semiconductor, Inc. (TQNT): Semiconductor Industry. Market cap of $2.21B. The stock is currently 11.24% above its 20-day MA, 16.55% above its 50-day MA, and 59.53% above its 200-day MA. Call open interest at 31,598 contracts vs. put open interest at 7,540 contracts (Put/Call ratio at 0.24). Short float at 5.47%, which implies a short ratio of 2.05 days. The stock has gained 129.32% over the last year.

15. CEVA Inc. (NASDAQ:CEVA): Semiconductor Industry. Market cap of $532.4M. The stock is currently 14.76% above its 20-day MA, 13.45% above its 50-day MA, and 62.97% above its 200-day MA. Call open interest at 62 contracts vs. put open interest at 15 contracts (Put/Call ratio at 0.24). Short float at 4.99%, which implies a short ratio of 3.06 days. The stock has gained 95.63% over the last year.

16. ReneSola Ltd. (NYSE:SOL): Semiconductor Industry. Market cap of $914.53M. The stock is currently 22.54% above its 20-day MA, 11.39% above its 50-day MA, and 25.63% above its 200-day MA. Call open interest at 17,467 contracts vs. put open interest at 4,232 contracts (Put/Call ratio at 0.24). Short float at 6.49%, which implies a short ratio of 0.86 days. The stock has gained 100.95% over the last year.

17. Elan Corp. plc (NYSE:ELN): Drug Delivery Industry. Market cap of $3.92B. The stock is currently 16.36% above its 20-day MA, 22.84% above its 50-day MA, and 24.88% above its 200-day MA. Call open interest at 97,232 contracts vs. put open interest at 23,940 contracts (Put/Call ratio at 0.25). Short float at 1.52%, which implies a short ratio of 2.55 days. The stock has lost -9.58% over the last year.

18. Powell Industries, Inc. (NASDAQ:POWL): Industrial Electrical Equipment Industry. Market cap of $423.88M. The stock is currently 11.88% above its 20-day MA, 10.64% above its 50-day MA, and 17.83% above its 200-day MA. Call open interest at 432 contracts vs. put open interest at 113 contracts (Put/Call ratio at 0.26). Short float at 3.54%, which implies a short ratio of 4.95 days. The stock has gained 10.45% 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.