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If you believe that the options markets is good predictor of the spot market, then you may find this article to be an interesting beginning point for your own research.

To compile this list we focused on stocks with market caps above $300M and oversold according to its RSI(14), i.e. RSI(14) below 40.

We then used the Put/Call ratio to sort through the list. All of the stocks mentioned below have a large number of call options relative to put options, i.e. bullish options market sentiment.

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.

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Considering this information, which of these stocks are you most bullish about?

1. UGI Corp. (NYSE:UGI): Diversified Utilities Industry. Market cap of $3.45B. RSI(14) at 35.97. Put/Call ratio at 0.07, given the call open interest at 3,383 contracts vs. put open interest at 238 contracts. The stock has gained 21.21% over the last year.

2. Resolute Energy Corporation (NYSE:REN): Independent Oil & Gas Industry. Market cap of $1.02B. RSI(14) at 39.49. Put/Call ratio at 0.11, given the call open interest at 5,467 contracts vs. put open interest at 612 contracts. The stock is a short squeeze candidate, with a short float at 12.23% (equivalent to 17.28 days of average volume). The stock has gained 52.04% over the last year.

3. Aurizon Mines Ltd. (AZK): Gold Industry. Market cap of $881.94M. RSI(14) at 36.73. Put/Call ratio at 0.12, given the call open interest at 2,861 contracts vs. put open interest at 346 contracts. The stock has gained 13.6% over the last year.

4. Harmony Gold Mining Co. Ltd. (NYSE:HMY): Gold Industry. Market cap of $5.64B. RSI(14) at 38.38. Put/Call ratio at 0.23, given the call open interest at 43,097 contracts vs. put open interest at 9,715 contracts. It's been a rough couple of days for the stock, losing 7.28% over the last week.

5. OGE Energy Corp. (NYSE:OGE): Electric Utilities Industry. Market cap of $4.42B. RSI(14) at 34.04. Put/Call ratio at 0.23, given the call open interest at 727 contracts vs. put open interest at 164 contracts. The stock has gained 38.68% over the last year.

6. International Tower Hill Mines Ltd. (NYSEMKT:THM): Gold Industry. Market cap of $640.34M. RSI(14) at 29.27. Put/Call ratio at 0.23, given the call open interest at 1,743 contracts vs. put open interest at 399 contracts. The stock has performed poorly over the last month, losing 14.37%.

7. Skilled Healthcare Group, Inc. (NYSE:SKH): Long-Term Care Facilities Industry. Market cap of $380.02M. RSI(14) at 18.74. Put/Call ratio at 0.23, given the call open interest at 8,917 contracts vs. put open interest at 2,071 contracts. It's been a rough couple of days for the stock, losing 8.26% over the last week.

8. Silgan Holdings Inc. (NASDAQ:SLGN): Packaging & Containers Industry. Market cap of $3.02B. RSI(14) at 31.57. Put/Call ratio at 0.26, given the call open interest at 4,539 contracts vs. put open interest at 1,193 contracts. The stock is a short squeeze candidate, with a short float at 8.63% (equivalent to 7.5 days of average volume). The stock has gained 51.56% over the last year.

9. ManTech International Corporation (NASDAQ:MANT): Security Software & Services Industry. Market cap of $1.55B. RSI(14) at 39.06. Put/Call ratio at 0.37, given the call open interest at 649 contracts vs. put open interest at 240 contracts. The stock is a short squeeze candidate, with a short float at 8.04% (equivalent to 12.53 days of average volume). The stock has lost 8.38% over the last year.

10. Piedmont Natural Gas Co. Inc. (NYSE:PNY): Gas Utilities Industry. Market cap of $2.10B. RSI(14) at 37.9. Put/Call ratio at 0.4, given the call open interest at 269 contracts vs. put open interest at 107 contracts. The stock is a short squeeze candidate, with a short float at 5.22% (equivalent to 12.46 days of average volume). The stock has gained 17.76% over the last year.

11. California Water Service Group (NYSE:CWT): Water Utilities Industry. Market cap of $371.66M. RSI(14) at 39.38. Put/Call ratio at 0.45, given the call open interest at 303 contracts vs. put open interest at 136 contracts. The stock has lost 0.17% over the last year.

12. Comtech Telecommunications Corp. (NASDAQ:CMTL): Communication Equipment Industry. Market cap of $620.27M. RSI(14) at 20.73. Put/Call ratio at 0.45, given the call open interest at 6,519 contracts vs. put open interest at 2,945 contracts. The stock is a short squeeze candidate, with a short float at 9.54% (equivalent to 9.35 days of average volume). It's been a rough couple of days for the stock, losing 12.17% over the last week.

*Data sourced from Schaeffer’s and Finviz.

Source: Options Ideas: 12 Oversold Stocks With Bullish Options Sentiment