In last week's edition of Trading Tools, Cincinnati-based grocery guru Kroger (KR) was examined, as it showed up on the Zacks Unusually High Options Volume screener. This week, I'm utilizing the Zacks Put/Call Ratio Greater than 1.0 filter in an effort to find stocks surrounded by heavy pessimism in the options arena. Digging through the results, one equity caught my attention: New Hampshire-based e-learning company SkillSoft (SKIL).

Before we begin, let's explain the contrarian stance that makes Schaeffer's so unique. When searching for a bullish pick, we like to see heavy skepticism toward an outperforming stock, as this leaves ample room for upgrades or other positive catalysts to fuel the stock higher. When searching for a bearish pick, on the other hand, contrarians are looking for significant bullish sentiment toward an underperforming stock, as we believe an excess of optimism is a sign that everyone

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