The following is a list of high yield dividend stocks. Additionally, all of these companies mentioned below have a large number of open put option positions relative to call option positions, i.e. a high Put/Call ratio.
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 gains. Do you agree?
Options data sourced from Schaeffer's; dividend yield, short float and performance data sourced from Finviz.
Click for expanded image
Sorted by dividend yield.
1. Invesco Mortgage Capital Inc. (IVR): Mortgage Investment Industry. Market cap of $1.11B. Dividend yield at 15.33%. Call open interest at 1,629 contracts vs. put open interest at 4,788 contracts (Put/Call ratio at 2.94). Short float at 2.37%, which implies a short ratio of 1.46 days. The stock has gained 21.06% over the last year.
2. Anworth Mortgage Asset Corporation (ANH): REIT. Market cap of $851.92M. Dividend yield at 12.52%. Call open interest at 1,589 contracts vs. put open interest at 6,995 contracts (Put/Call ratio at 4.4). Short float at 4.26%, which implies a short ratio of 4.45 days. The stock has gained 20.1% over the last year.
3. Prospect Capital Corporation (PSEC): Asset Management Industry. Market cap of $1.07B. Dividend yield at 10.08%. Call open interest at 2,046 contracts vs. put open interest at 3,488 contracts (Put/Call ratio at 1.7). Short float at 5%, which implies a short ratio of 3.42 days. The stock has gained 16.89% over the last year.
4. Capital Product Partners L.P. (CPLP): Shipping Industry. Market cap of $372.29M. Dividend yield at 9.38%. Call open interest at 207 contracts vs. put open interest at 451 contracts (Put/Call ratio at 2.18). Short float at 1.68%, which implies a short ratio of 2.32 days. The stock has gained 14.87% over the last year.
5. Vector Group Ltd. (VGR): Cigarettes Industry. Market cap of $1.27B. Dividend yield at 9.46%. Call open interest at 415 contracts vs. put open interest at 708 contracts (Put/Call ratio at 1.71). Short float at 6.11%, which implies a short ratio of 6.83 days. The stock has gained 28.65% over the last year.
6. PennyMac Mortgage Investment Trust (PMT): REIT. Market cap of $305.8M. Dividend yield at 9.25%. Call open interest at 175 contracts vs. put open interest at 272 contracts (Put/Call ratio at 1.55). Short float at 2.77%, which implies a short ratio of 2.81 days. The stock has gained 17.99% over the last year.
7. Encore Energy Partners LP (ENP): Oil and Gas Drilling and Exploration Industry. Market cap of $1.06B. Dividend yield at 8.86%. Call open interest at 513 contracts vs. put open interest at 1,022 contracts (Put/Call ratio at 1.99). Short float at 0.9%, which implies a short ratio of 0.84 days. The stock has gained 28.62% over the last year.
8. BP Prudhoe Bay Royalty Trust (BPT): Oil and Gas Refining and Marketing Industry. Market cap of $2.38B. Dividend yield at 7.52%. Call open interest at 2,162 contracts vs. put open interest at 3,395 contracts (Put/Call ratio at 1.57). Short float at 1.62%, which implies a short ratio of 1.45 days. The stock has gained 35.77% over the last year.
9. Hercules Technology Growth Capital, Inc. (HTGC): Diversified Investments Industry. Market cap of $396.42M. Dividend yield at 7.32%. Call open interest at 166 contracts vs. put open interest at 254 contracts (Put/Call ratio at 1.53). Short float at 2.37%, which implies a short ratio of 3.34 days. The stock has gained 22.05% over the last year.
10. Medical Properties Trust Inc. (MPW): REIT. Market cap of $1.27B. Dividend yield at 7.09%. Call open interest at 409 contracts vs. put open interest at 646 contracts (Put/Call ratio at 1.58). Short float at 3.54%, which implies a short ratio of 4.51 days. The stock has gained 16.26% over the last year.
11. Getty Realty Corp. (GTY): REIT. Market cap of $869.76M. Dividend yield at 6.68%. Call open interest at 755 contracts vs. put open interest at 3,248 contracts (Put/Call ratio at 4.3). Short float at 5.2%, which implies a short ratio of 3.76 days. The stock has gained 40% over the last year.
12. Penn Virginia Resource Partners LP (PVR): Industrial Metals and Minerals Industry. Market cap of $1.5B. Dividend yield at 6.58%. Call open interest at 668 contracts vs. put open interest at 1,369 contracts (Put/Call ratio at 2.05). Short float at 5.13%, which implies a short ratio of 10.63 days. The stock has gained 33.24% over the last year.
13. San Juan Basin Royalty Trust (SJT): Diversified Investments Industry. Market cap of $1.16B. Dividend yield at 6.48%. Call open interest at 1,889 contracts vs. put open interest at 6,070 contracts (Put/Call ratio at 3.21). Short float at 2.23%, which implies a short ratio of 6.22 days. The stock has gained 26.57% over the last year.
14. Lorillard, Inc. (LO): Cigarettes Industry. Market cap of $11.9B. Dividend yield at 6.50%. Call open interest at 16,700 contracts vs. put open interest at 45,076 contracts (Put/Call ratio at 2.7). Short float at 6.72%, which implies a short ratio of 5.43 days. The stock has gained 9.56% over the last year.
15. Kinder Morgan Energy Partners LP (KMP): Oil and Gas Pipelines Industry. Market cap of $22.8B. Dividend yield at 6.25%. Call open interest at 6,063 contracts vs. put open interest at 9,142 contracts (Put/Call ratio at 1.51). Short float at 1.89%, which implies a short ratio of 6.53 days. The stock has gained 22.15% over the last year.
16. Enbridge Energy Partners LP (EEP): Oil and Gas Pipelines Industry. Market cap of $8.28B. Dividend yield at 6.17%. Call open interest at 557 contracts vs. put open interest at 1,011 contracts (Put/Call ratio at 1.82). Short float at 0.36%, which implies a short ratio of 1.3 days. The stock has gained 38.48% over the last year.
17. Government Properties Income Trust (GOV): REIT. Market cap of $1.08B. Dividend yield at 6.25%. Call open interest at 145 contracts vs. put open interest at 328 contracts (Put/Call ratio at 2.26). Short float at 2.48%, which implies a short ratio of 4.19 days. The stock has gained 20.11% over the last year.
18. Reynolds American Inc. (RAI): Cigarettes Industry. Market cap of $20.15B. Dividend yield at 6.14%. Call open interest at 6,222 contracts vs. put open interest at 15,885 contracts (Put/Call ratio at 2.55). Short float at 1.14%, which implies a short ratio of 2.73 days. The stock has gained 39.35% over the last year.
19. NuStar Energy L.P. (NS): Oil and Gas Pipelines Industry. Market cap of $4.54B. Dividend yield at 6.16%. Call open interest at 451 contracts vs. put open interest at 837 contracts (Put/Call ratio at 1.86). Short float at 0.81%, which implies a short ratio of 3.99 days. The stock has gained 33.53% over the last year.
20. Buckeye Partners LP (BPL): Oil and Gas Pipelines Industry. Market cap of $3.33B. Dividend yield at 6.18%. Call open interest at 1,079 contracts vs. put open interest at 1,991 contracts (Put/Call ratio at 1.85). Short float at 0.74%, which implies a short ratio of 1.7 days. The stock has gained 19.85% 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.
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