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It is often said that the options market can be a leading indicator for earnings releases. Considering this, we have gathered a list of stocks that have seen a sharp rise in call option open interest over the last two weeks.

To compile this list we looked at all the stocks releasing earnings next week. We then collected data on the change in the put/call ratio for all these companies and focused only on those securities that saw a significant drop in this ratio from March 31 to April 13 (i.e. rising number of calls relative to puts).

Given the options market’s apparent bullish bias, which of these stocks do you find more likely to rally after the earnings announcement? Full details below.

1. AmSurg Corp. (NASDAQ:AMSG): Hospitals Industry. Market cap of $826.32M. The company is scheduled to release earnings on Thursday, April 21. The Put/Call ratio dropped -75.0%, from 0.04 to 0.01. The stock is a short squeeze candidate, with a short float at 7.71% (equivalent to 14.7 days of average volume). The stock has gained 16.15% over the last year.

2. First Busey Corporation (NASDAQ:BUSE): Regional Bank. Market cap of $464.18M. The company is scheduled to release earnings on Monday, April 18. The Put/Call ratio dropped -41.01%, from 1.78 to 1.05. The stock is a short squeeze candidate, with a short float at 5.79% (equivalent to 20.23 days of average volume). The stock has gained 3.47% over the last year.

3. Tempur Pedic International Inc. (NYSE:TPX): Home Furnishings & Fixtures Industry. Market cap of $3.97B. The company is scheduled to release earnings on Thursday, April 21. The Put/Call ratio dropped -36.54%, from 2.6 to 1.65. The stock is a short squeeze candidate, with a short float at 9.61% (equivalent to 5.36 days of average volume). Exhibiting strong upside momentum--currently trading 14.34% above its SMA20, 20.27% above its SMA50, and 56.14% above its SMA200. The stock has had a couple of great days, gaining 10.64% over the last week.

4. Community Health Systems, Inc. (NYSE:CYH): Hospitals Industry. Market cap of $2.92B. The company is scheduled to release earnings on Monday, April 18. The Put/Call ratio dropped -28.43%, from 1.02 to 0.73. Might be undervalued at current levels, with a PEG ratio at 0.82, and P/FCF ratio at 5.6. It's been a rough couple of days for the stock, losing 22.23% over the last week.

5. PPG Industries Inc. (NYSE:PPG): Specialty Chemicals Industry. Market cap of $15.09B. The company is scheduled to release earnings on Thursday, April 21. The Put/Call ratio dropped -28.21%, from 0.78 to 0.56. The stock has gained 38.86% over the last year.

6. Covanta Holding Corporation (NYSE:CVA): Electric Utilities Industry. Market cap of $2.50B. The company is scheduled to release earnings on Wednesday, April 20. The Put/Call ratio dropped -25.0%, from 0.08 to 0.06. The stock is a short squeeze candidate, with a short float at 5.08% (equivalent to 6.24 days of average volume). The stock has lost 2.02% over the last year.

7. Informatica Corporation (NASDAQ:INFA): Business Software & Services Industry. Market cap of $4.87B. The company is scheduled to release earnings on Thursday, April 21. The Put/Call ratio dropped -22.22%, from 0.18 to 0.14. The stock is a short squeeze candidate, with a short float at 6.4% (equivalent to 6.38 days of average volume). The stock has gained 89.11% over the last year.

8. Cymer Inc. (NASDAQ:CYMI): Semiconductor Equipment & Materials Industry. Market cap of $1.55B. The company is scheduled to release earnings on Thursday, April 21. The Put/Call ratio dropped -20.9%, from 2.68 to 2.12. It's been a rough couple of days for the stock, losing 10.33% over the last week.

9. Novartis AG (NYSE:NVS): Drug Manufacturer. Market cap of $126.52B. The company is scheduled to release earnings on Tuesday, April 19. The Put/Call ratio dropped -19.86%, from 1.46 to 1.17. The stock has gained 7.51% over the last year.

10. Virgin Media, Inc. (NASDAQ:VMED): CATV Systems Industry. Market cap of $8.80B. The company is scheduled to release earnings on Wednesday, April 20. The Put/Call ratio dropped -19.42%, from 2.06 to 1.66. The stock is a short squeeze candidate, with a short float at 8.36% (equivalent to 6.67 days of average volume). The stock has gained 53.97% over the last year.

11. Sohu.com Inc. (NASDAQ:SOHU): Internet Information Providers Industry. Market cap of $3.56B. The company is scheduled to release earnings on Wednesday, April 20. The Put/Call ratio dropped -17.33%, from 0.75 to 0.62. Exhibiting strong upside momentum--currently trading 9.37% above its SMA20, 12.68% above its SMA50, and 44.69% above its SMA200. The stock has gained 75.6% over the last year.

12. EZCORP Inc. (NASDAQ:EZPW): Specialty Retail Industry. Market cap of $1.45B. The company is scheduled to release earnings on Thursday, April 21. The Put/Call ratio dropped -12.86%, from 0.7 to 0.61. It's been a rough couple of days for the stock, losing 11.13% over the last week.

13. Syntel, Inc. (NASDAQ:SYNT): Information Technology Services Industry. Market cap of $2.29B. The company is scheduled to release earnings on Monday, April 18. The Put/Call ratio dropped -12.48%, from 5.93 to 5.19. The stock has gained 35.% over the last year.

14. Tractor Supply Company (NASDAQ:TSCO): Specialty Retail Industry. Market cap of $4.55B. The company is scheduled to release earnings on Wednesday, April 20. The Put/Call ratio dropped -12.4%, from 1.21 to 1.06. Exhibiting strong upside momentum--currently trading 7.88% above its SMA20, 14.58% above its SMA50, and 44.19% above its SMA200. The stock has had a good month, gaining 16.21%.

15. Lam Research Corporation (NASDAQ:LRCX): Semiconductor Equipment & Materials Industry. Market cap of $6.42B. The company is scheduled to release earnings on Wednesday, April 20. The Put/Call ratio dropped -11.43%, from 1.4 to 1.24. After a solid performance over the last year, LRCX has pulled back during recent sessions. The stock is -4.81% below its SMA20 and -5.13% below its SMA50, but remains 10.12% above its SMA200. The stock has gained 29.88% over the last year.

16. Advanced Energy Industries, Inc. (NASDAQ:AEIS): Diversified Electronics Industry. Market cap of $636.84M. The company is scheduled to release earnings on Monday, April 18. The Put/Call ratio dropped -11.36%, from 0.44 to 0.39. It's been a rough couple of days for the stock, losing 9.74% over the last week.

17. Amphenol Corporation (NYSE:APH): Diversified Electronics Industry. Market cap of $9.16B. The company is scheduled to release earnings on Wednesday, April 20. The Put/Call ratio dropped -11.24%, from 0.89 to 0.79. The stock has gained 16.64% over the last year.

18. Comerica Incorporated (NYSE:CMA): Regional Bank. Market cap of $6.80B. The company is scheduled to release earnings on Tuesday, April 19. The Put/Call ratio dropped -11.11%, from 0.63 to 0.56. The stock has lost 8.69% over the last year.

*Options data sourced from Shaeffer’s, all other data sourced from Finviz.

Source: 18 Stocks Reporting Earnings Next Week With Bullish Options Sentiment