Fallen angel stocks take many routes to achieve their dubious status. Some are removed from indices they have been in for years, some cut or fail to raise their dividends and are booted from the Dividend Aristocrats, and some are just run by people who do a lousy job at the top.
For whatever reason, we found three in which the option activity has ticked up and the stock could be ready to follow the option volume. Despite the fallen angel status, all have Buy ratings at the top Wall Street firms we cover.
This post originally appeared at 24/7 Wall St.