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The following is a list of stocks that have lagged the rest of the market over recent weeks, reporting losses over the last quarter. All of these stocks have seen a recent increase in the Put/Call ratio, which is based on open interest of option contracts.

In addition, the Put/Call ratios of these companies are at the upper end of their annual ranges.

Some technical traders view the Put/Call ratio as a contrary indicator when it reaches extreme highs or lows. In other words, because the stocks mentioned below have a high number of open put option positions relative to call option positions, contrarians would think most of the stocks mentioned below are set for a rally. Do you agree?

Options data sourced from Schaeffer's, short float and performance data sourced from Finviz. (Please note: All changes in the Put/Call ratio occur between 1/04 - 1/18)

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the 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 change in the Put/Call ratio. A reminder: All changes in the Put/Call ratio occur between 1/04 - 1/18.

1. RC2 Corp. (RCRC): Toys & Games Industry. Market cap of $432.57M. The stock has lost -15.41% over the last quarter. Current Put/Call ratio at 3.7 vs. previous Put/Call ratio at 1.46 (+153.42% change). Short float at 3.14%, which implies a short ratio of 5.37 days. The stock has gained 31.79% over the last year.

2. Sourcefire, Inc. (FIRE): Security Software & Services Industry. Market cap of $680.64M. The stock has lost -13.09% over the last quarter. Current Put/Call ratio at 1.01 vs. previous Put/Call ratio at 0.74 (+36.49% change). Short float at 8.12%, which implies a short ratio of 2.87 days. The stock has gained 0.75% over the last year.

3. Skechers USA Inc. (SKX): Apparel Footwear & Accessories Industry. Market cap of $1.04B. The stock has lost -11.58% over the last quarter. Current Put/Call ratio at 0.74 vs. previous Put/Call ratio at 0.57 (+29.82% change). Short float at 18.05%, which implies a short ratio of 3.3 days. The stock has lost -28.96% over the last year.

4. Clearwire Corporation (CLWR): Wireless Communications Industry. Market cap of $5.61B. The stock has lost -17.89% over the last quarter. Current Put/Call ratio at 2.13 vs. previous Put/Call ratio at 1.69 (+26.04% change). Short float at 17.87%, which implies a short ratio of 7.98 days. The stock has lost -23.62% over the last year.

5. M&F Worldwide Corp. (MFW): Business Services Industry. Market cap of $440.34M. The stock has lost -18.03% over the last quarter. Current Put/Call ratio at 35.58 vs. previous Put/Call ratio at 29.39 (+21.06% change). Short float at 2.84%, which implies a short ratio of 4.98 days. The stock has lost -40.92% over the last year.

Source: Contrarian Ideas: 5 Beaten Up Stocks With Increasing Put/Call Ratios