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The following is a list of stocks trading near 52-week lows. All of these stocks have a large number of open put option positions relative to call option positions, i.e. bearish options market sentiment.

Is this excessive pessimism justified? If you're a contrarian, these trends might raise a flag.

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

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. PetMed Express Inc. (PETS): Drug Delivery Industry. Market cap of $356.51M. The stock is 6.67% above its 52-week low. Call open interest at 707 contracts vs. put open interest at 3,895 contracts (Put/Call ratio at 5.51). Short float at 31.55%, which implies a short ratio of 31.92. The stock has lost -10.78% over the last year.
  2. Entergy Corporation (ETR): Electric Utilities Industry. Market cap of $13.06B. The stock is 5.99% above its 52-week low. Call open interest at 7,933 contracts vs. put open interest at 26,930 contracts (Put/Call ratio at 3.39). Short float at 1.15%, which implies a short ratio of 1.29. The stock has lost -8.1% over the last year.
  3. Central European Media Enterprises Ltd. (CETV): Broadcasting Industry. Market cap of $1.29B. The stock is 8.37% above its 52-week low. Call open interest at 1,668 contracts vs. put open interest at 5,590 contracts (Put/Call ratio at 3.35). Short float at 4.69%, which implies a short ratio of 7.69. The stock has lost -24.18% over the last year.
  4. Fidelity National Financial, Inc. (FNF): Surety & Title Insurance Industry. Market cap of $3.B. The stock is 9.21% above its 52-week low. Call open interest at 9,098 contracts vs. put open interest at 18,828 contracts (Put/Call ratio at 2.07). Short float at 3.43%, which implies a short ratio of 3.55. The stock has gained 4.76% over the last year.
  5. SUPERVALU Inc. (SVU): Grocery Stores Industry. Market cap of $1.61B. The stock is 3.68% above its 52-week low. Call open interest at 46,218 contracts vs. put open interest at 88,073 contracts (Put/Call ratio at 1.91). Short float at 13.61%, which implies a short ratio of 3.9. The stock has lost -42.72% over the last year.
  6. Strayer Education Inc. (STRA): Education & Training Services Industry. Market cap of $1.6B. The stock is 6.05% above its 52-week low. Call open interest at 4,331 contracts vs. put open interest at 6,897 contracts (Put/Call ratio at 1.59). Short float at 22.66%, which implies a short ratio of 9.12. The stock has lost -44.75% over the last year.
  7. Capella Education Co. (CPLA): Education & Training Services Industry. Market cap of $879.6M. The stock is 4.53% above its 52-week low. Call open interest at 2,628 contracts vs. put open interest at 3,362 contracts (Put/Call ratio at 1.28). Short float at 19.52%, which implies a short ratio of 9.49. The stock has lost -29.58% over the last year.
  8. Abbott Laboratories (ABT): Drug Manufacturer. Market cap of $73.95B. The stock is 7.14% above its 52-week low. Call open interest at 129,294 contracts vs. put open interest at 161,470 contracts (Put/Call ratio at 1.25). Short float at 0.55%, which implies a short ratio of 0.98. The stock has lost -13.54% over the last year.
  9. Perfect World Co., Ltd. (PWRD): Application Software Industry. Market cap of $1.15B. The stock is 9.64% above its 52-week low. Call open interest at 7,753 contracts vs. put open interest at 9,331 contracts (Put/Call ratio at 1.2). Short float at 3.12%, which implies a short ratio of 1.8. The stock has lost -45.86% over the last year.
  10. Colgate-Palmolive Co. (CL): Personal Products Industry. Market cap of $37.75B. The stock is 7.88% above its 52-week low. Call open interest at 66,564 contracts vs. put open interest at 70,074 contracts (Put/Call ratio at 1.05). Short float at 1.51%, which implies a short ratio of 2.72. The stock has lost -0.6% 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.
Source: Contrarian Ideas: 10 Stocks Near Lows With Bearish Options Sentiment