The following is a list of large cap stocks with a large number of open call option positions relative to put option positions (i.e. bullish options sentiment). To create this list, we started with the 150 largest listed companies, and narrowed down the list by only focusing on the large-cap stocks with the lowest Put/Call ratios... Options traders seem to think these corporate giants have some near-term upside. What do you think? Full analysis below. Options data is sourced from Schaeffer's.
The list has been sorted by the Put/Call ratio.
1. Nippon Telegraph & Telephone Corp. (NTT): Telecom Services Industry. Market cap of $61.0B. Call open interest at 7,235 contracts versus put open interest at 368 contracts (Put/Call ratio at 0.05). Short float at 0.03%, which implies a short ratio of 1.93 days. The stock has gained 9.87% over the last year.
2. Alcon Inc. (ACL): Medical Instruments & Supplies Industry. Market cap of $49.86B. Call open interest at 160,252 contracts versus put open interest at 54,778 contracts (Put/Call ratio at 0.34). Short float at 2.04%, which implies a short ratio of 1.93 days. The stock has gained 13.73% over the last year.
3. Mitsubishi UFJ Financial Group, Inc. (MTU): Banking Industry. Market cap of $69.93B. Call open interest at 2,691 contracts versus put open interest at 988 contracts (Put/Call ratio at 0.37). Short float at 0.03%, which implies a short ratio of 1.54 days. The stock has lost -7.65% over the last year. (more)
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