Top 20 Equity Options Traded

in December 2023

January 2, 2024
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After a blistering rebound in November, markets continued their march forward in December to finish the year with impressive gains.  Defying the higher interest rate environment, the S&P ended 2023 up 24.5% for the year.  The Dow Jones Industrials returned 13.75% and the Nasdaq Composite streaked ahead 44% in 2023 with the Magnificent 7 (AAPL, AMZN, GOOGL, META, MSFT, NVDA, TSLA) responsible for the bulk of that increase. 

The end-of-year rally is attributed to The Fed confirming expectations that inflation goals are being realized and interest rates have minimally flattened for now with hopes for reduction in the spring.  Moreover, data is beginning to support a soft-landing in 2024 and avoiding a recession with a capital “R”.

Although, there were signs of some end-of-year profit taking, many have deferred realizing profits until January and the associated tax impact out to April of 2025.

Below is a chart comparing ETF performance based on the Dow, Nasdaq and S&P for the month of December 2023. 

Google is the only member of the Mag7 not in the Top 20 list this month.  Vol in techs continue to make them appealing. Coinbase (COIN) retains a top 20 spot as BTC had a good December.

Below are the most active 20 equity symbols based on the number of option trades in eOption accounts in December 2023.  Note that we do not make trade recommendations and are sharing this solely for your interest.

  1. Nvidia (NVDA)
  2. Tesla (TSLA)
  3. Apple (AAPL)
  4. Coinbase (COIN)
  5. Booking.com (BKNG)
  6. Amazon (AMZN)
  7. Block (SQ)
  8. Boeing (BA)
  9. Chipotle Mexican Grill (CMG)
  10. Microsoft (MSFT)
  11. Netflix (NFLX)
  12. Marathon Digital (MARA)
  13. Exxon Mobil (XOM)
  14. Meta Platforms (META)
  15. SoFi Technologies (SOFI)
  16. Advanced Micro Devices (AMD)
  17. Paypal (PYPL)
  18. Costco Wholesale (COST)
  19. Alibaba (BABA)
  20. AirBnB (ABNB)

What will 2024 hold for the markets?  Will the volatility increase?  Where will the cash on the sidelines be deployed?  What do you think?  Risk on or off? 

Wishing you a year ahead filled with smart investments and successful trades. Here's to a prosperous 2024! Happy New Year!

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This information provided for general informational purposes only and should not be considered recommendations or advice by eOption. Past performance is not indicative of future results.

Options trading involves risk and is not suitable for all investors. Options trading privileges are subject to eOption review and approval. Please review the Characteristics and Risks of Standardized Options brochure and the Supplement before you begin trading options.

Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.

Options involve risk and are not suitable for all investors. Prior to trading options, you must be approved for options trading and read the Characteristics and Risks of Standardized Options. A copy may also be requested via email at support@eoption.com or via mail to eOption, 950 Milwaukee Ave., Ste. 102, Glenview, IL 60025.

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