Top 20 Equity Options Traded
in March 2025
April 1, 2025
March saw a sharp and significant reset across financial markets, effectively erasing most of the gains accumulated since the election of the Trump 2.0 administration. Investor confidence continued to be undermined by the pace of changes proposed with policy directives and steady diet of executive orders, contributing to a climate of heightened uncertainty.
Economic anxiety was reflected in a notable decline in consumer sentiment, aligning with diminished expectations for consumer spending and slower overall economic growth. This deterioration in sentiment reinforces growing concerns about the health of the U.S. economy.
Adding to the cautious outlook, Morgan Stanley’s Chief Economist raised the probability of a “hard landing” scenario, increasing the perceived risk of an impending recession. This comes amid ongoing market unease over existing and potential tariffs, which have once again brought inflation fears to the forefront of consumer and investor concerns.
Market indices reflected this nervousness sharply:
- The S&P 500 dropped 5.8% in March, marking its steepest monthly decline since December 2022.
- The Nasdaq fared even worse, plunging 8.2% over the month.
- The Dow Jones Industrial Average also saw a notable decline, falling 4.2%.
The chart below visualizes ETF performance related on the Dow, Nasdaq and S&P indices for the month of March 2025.
Nvidia (NVDA) reclaimed the top spot in March, but not without turbulence. The stock dropped nearly 30% amid growing chatter about a potential AI bubble, sparking broader concerns across the sector.
The Magnificent 7—tech’s biggest names—dragged down the Nasdaq and wiped out about $650 billion in market value, making a major dent in the overall tech space.
Tesla faced strong headwinds as backlash against Elon Musk fueled consumer hesitation. The pushback has started to weigh on new car sales, adding pressure to the company’s performance.
After a big run earlier in the year, Robinhood (HOOD) reversed course in March, pulling back following some key news that dampened investor enthusiasm.
Below are the most active 20 equity symbols based on the number of option trades in eOption accounts in March 2025. Note that we do not make trade recommendations and are sharing this solely for your interest.
- Nvidia (NVDA)
- Booking.com (BKNG)
- Tesla (TSLA)
- Meta Platforms (META)
- Palantir Technologies (PLTR)
- Amazon (AMZN)
- Netflix (NFLX)
- Strategy (MSTR)
- Boeing (BA)
- Intel (INTC)
- Robinhood Markets (HOOD)
- Apple (AAPL)
- Advanced Micro Devices (AMD)
- Sofi Technologies (SOFI)
- Applovin Corp (APP)
- Micron (MU)
- Super Micro Computer (SMCI)
- Costco (COST)
- Rigetti Computing (RGTI)
- Spotify (SPOT)
We’ll have a clearer picture in April as new data comes in—helping us see whether falling consumer confidence and rising recession fears are pointing toward a slower economy or even a self-inflicted hard landing. While a shift in policy from the current administration could help change the outlook, there’s little evidence so far to suggest that’s on the horizon.
Regardless of how it plays out, these uncertainties are fueling volatility—which, in turn, is creating opportunities for active options traders.
We’ll keep tracking these trends and pick up the story in next month’s report.
Stay informed and trade well.
Share this Post
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.