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Saturday, November 19, 2011

Best Tech Stocks With Bullish Sentiment From Options Traders

Best Tech Stocks With Bullish Sentiment From Options Traders : For a gauge on what the market thinks about a stock, look to options traders. The put/call ratio, or the ratio of open interest put options to call options, is a strong indicator for the market’s sentiment on the stock. When the put/call ratio falls, options traders have become more optimistic on the name.

We ran a screen on the tech sector for stocks seeing significant decreases in put/call over the last ten trading days, a bullish development.

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

Do you agree with the bullish sentiment on these names? Use this list as a starting point for your own analysis. List sorted by decrease in put/call ratio.

1. ShoreTel, Inc. (SHOR): Provides internet protocol (IP) telecommunications systems for enterprises in the United States. Market cap of $319.93M. Put/Call ratio changed from 0.26 to 0.0 between 11/02/11 and 11/16/11, a change of -100.0%. The stock has recently rebounded, and is currently trading 8.5% above its SMA20 and 12.74% above its SMA50. However, the stock still trades 18.93% below its SMA200. The stock has had a couple of great days, gaining 11.28% over the last week.

2. Jinpan International Ltd. (JST): Engages in the design and manufacture of cast resin transformers for voltage distribution equipment. Market cap of $143.83M. Put/Call ratio changed from 2.0 to 0.02 between 11/02/11 and 11/16/11, a change of -99.0%. The stock has lost 22.73% over the last year.

3. Taleo Corp. (TLEO): Provides on-demand talent management software solutions. Market cap of $1.43B. Put/Call ratio changed from 0.51 to 0.13 between 11/02/11 and 11/16/11, a change of -74.51%. The stock is a short squeeze candidate, with a short float at 7.99% (equivalent to 6.53 days of average volume). The stock has had a couple of great days, gaining 7.21% over the last week.

4. Synchronoss Technologies, Inc. (SNCR): Provides on-demand transaction, content, and connectivity management platforms that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers, and e-Tailers/retailers with embedded connectivity primarily in North America. Market cap of $1.16B. Put/Call ratio changed from 0.27 to 0.09 between 11/02/11 and 11/16/11, a change of -66.67%. The stock has gained 17.24% over the last year.

5. Sierra Wireless Inc. (SWIR): Provides wireless solutions for the machine-to-machine (M2M) and mobile computing markets. Market cap of $213.47M. Put/Call ratio changed from 0.46 to 0.17 between 11/02/11 and 11/16/11, a change of -63.04%. The stock has lost 35.96% over the last year.

6. Sapient Corp. (SAPE): Offers integrated marketing and creative services. Market cap of $1.73B. Put/Call ratio changed from 0.34 to 0.13 between 11/02/11 and 11/16/11, a change of -61.76%. The stock is a short squeeze candidate, with a short float at 6.56% (equivalent to 5.65 days of average volume). The stock has gained 7.37% over the last year.

7. Radware Ltd. (RDWR): Provides application delivery solutions and network security solutions to banks, insurance companies, manufacturing and retail, government agencies, media companies, and service providers worldwide. Market cap of $526.44M. Put/Call ratio changed from 0.56 to 0.23 between 11/02/11 and 11/16/11, a change of -58.93%. The stock has had a couple of great days, gaining 5.42% over the last week.

8. Rovi Corporation (ROVI): Provides digital entertainment technology solutions for the discovery and management of entertainment content. Market cap of $3.21B. Put/Call ratio changed from 0.91 to 0.48 between 11/02/11 and 11/16/11, a change of -47.25%. The stock is currently stuck in a downtrend, trading 33.85% below its SMA20, 36.26% below its SMA50, and 45.08% below its SMA200. The stock has performed poorly over the last month, losing 41.83%.

9. VeriSign, Inc. (VRSN): Provides Internet infrastructure services to various networks worldwide. Market cap of $5.28B. Put/Call ratio changed from 0.53 to 0.29 between 11/02/11 and 11/16/11, a change of -45.28%. The stock has gained 4.47% over the last year.

10. Rediff.com India Ltd. (REDF): Provides online Internet based services in India and to the global Indian community. Market cap of $268.62M. Put/Call ratio changed from 0.53 to 0.34 between 11/02/11 and 11/16/11, a change of -35.85%. This is a risky stock that is significantly more volatile than the overall market (beta = 3.44). The stock has had a good month, gaining 22.86%.

11. Websense, Inc. (WBSN): Provides unified Web, data, and email content security solutions to protect data and users from cyber-threats, information leaks, legal liability, and productivity loss. Market cap of $712.35M. Put/Call ratio changed from 0.34 to 0.22 between 11/02/11 and 11/16/11, a change of -35.29%. The stock is a short squeeze candidate, with a short float at 8.47% (equivalent to 9.62 days of average volume). The stock has lost 16.48% over the last year.

12. Quest Software Inc. (QSFT): Designs, develops, markets, distributes, and supports enterprise systems management software products worldwide. Market cap of $1.59B. Put/Call ratio changed from 0.23 to 0.16 between 11/02/11 and 11/16/11, a change of -30.43%. The stock has lost 24.26% over the last year.

13. Radvision Ltd. (RVSN): Engages in the design, development, and supply of products and technology that enable real-time voice, video and data communications over packet and mobile third generation (3G) networks, including the Internet and other networks based on the internet protocol (IP). Market cap of $92.85M. Put/Call ratio changed from 0.20 to 0.14 between 11/02/11 and 11/16/11, a change of -30.0%. It's been a rough couple of days for the stock, losing 8.04% over the last week.

14. GeoEye, Inc. (GEOY): Provides earth imagery and imagery information products, as well as image processing services to the United States and foreign government defense and intelligence organizations, domestic federal and foreign civil agencies, and commercial customers. Market cap of $522.80M. Put/Call ratio changed from 0.21 to 0.17 between 11/02/11 and 11/16/11, a change of -19.05%. The stock is a short squeeze candidate, with a short float at 6.23% (equivalent to 5.86 days of average volume). It's been a rough couple of days for the stock, losing 6.51% over the last week.

15. Synopsys Inc. (SNPS): Provides technology solutions used to develop electronics and electronic systems worldwide. Market cap of $3.94B. Put/Call ratio changed from 0.48 to 0.40 between 11/02/11 and 11/16/11, a change of -16.67%. The stock has gained 10.69% over the last year. Source seekingalpha.com For the latest updates PRESS CTR + D or visit Stock Market news Today

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