Contrarian Ideas: 9 High-Dividend Stocks With Extremely High Put/Call Ratios

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 |  Includes: DTE, EXC, HNP, LEG, LPT, OZM, PCG, RCI, TE
by: Kapitall

Below is a list of 9 stocks with dividend yields between 4-7%. All of these stocks mentioned below have also seen very sharp increases in their put/call ratios within the last two weeks, to levels reaching the upper end (+90%) of their 1-year put/call range.

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, contrarians would think most of the stocks mentioned below are set for a comeback.

Read below, using this list as a starting-off point for your own analysis. Options data sourced from Schaeffer’s, all other data sourced from Finviz.

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List sorted by dividend yield.

1. Och-Ziff Capital Management Group LLC (NYSE:OZM): Asset Management Industry. Market cap of $6.01B. Dividend yield at 6.22%. Put/Call ratio has increased 76.60% over the last two weeks (from 1.41 to 2.49). The stock has had a couple of great days, gaining 5.45% over the last week.

2. Liberty Property Trust (LRY): REIT. Market cap of $3.66B. Dividend yield at 5.95%. Put/Call ratio has increased 20.11% over the last two weeks (from 1.89 to 2.27). The stock has lost 3.07% over the last year.

3. Huaneng Power International Inc. (NYSE:HNP): Electric Utilities Industry. Market cap of $7.01B. Dividend yield at 5.29%. Put/Call ratio has increased 76.61% over the last two weeks (from 1.71 to 3.02). HNP has a relatively low correlation to the market (beta = 0.66), which may be appealing to risk-averse investors. The stock has had a couple of great days, gaining 7.24% over the last week.

4. Exelon Corp. (NYSE:EXC): Diversified Utilities Industry. Market cap of $27.14B. Dividend yield at 5.12%. Put/Call ratio has increased 56.00% over the last two weeks (from 1 to 1.56). The company appears to have good liquidity -- current ratio at 1.51 and quick ratio at 1.32. The stock has lost 0.41% over the last year.

5. DTE Energy Co. (NYSE:DTE): Electric Utilities Industry. Market cap of $8.08B. Dividend yield at 4.70%. Put/Call ratio has increased 56.49% over the last two weeks (from 1.54 to 2.41). DTE has a relatively low correlation to the market (beta = 0.66), which may be appealing to risk-averse investors. The stock has gained 11.84% over the last year.

6. Leggett & Platt, Incorporated (NYSE:LEG): Home Furnishings & Fixtures Industry. Market cap of $3.47B. Dividend yield at 4.56%. Put/Call ratio has increased 83.56% over the last two weeks (from 0.73 to 1.34). The company appears to have good liquidity -- current ratio at 2.33 and quick ratio at 1.5. The stock has had a couple of great days, gaining 5.01% over the last week.

7. TECO Energy, Inc. (NYSE:TE): Electric Utilities Industry. Market cap of $3.90B. Dividend yield at 4.51%. Put/Call ratio has increased 229.41% over the last two weeks (from 0.34 to 1.12). The stock has gained 22.27% over the last year.

8. PG & E Corp. (NYSE:PCG): Diversified Utilities Industry. Market cap of $17.30B. Dividend yield at 4.17%. Put/Call ratio has increased 72.46% over the last two weeks (from 0.69 to 1.19). The stock has gained 5.84% over the last year.

9. Rogers Communications Inc. (NYSE:RCI): Wireless Communications Industry. Market cap of $19.85B. Dividend yield at 4.01%. Put/Call ratio has increased 157.63% over the last two weeks (from 1.18 to 3.04). The stock has gained 7.85% 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.