Top 20 Equity Options Traded

in September2023

October 3, 2023

September markets contemplated inflation, interest rates, recession and a government shutdown and an active business news cycle.  Although we now know that Congress pulled a short-term rabbit from its hat over the weekend to avert an October government shutdown, the topic is far from closed.  Rising interest rates and recession fears also may be subsiding as key indicators came in under expectations.  The Fed paused interest rate increases in September but clearly left the door open for future month increases.  We expect the markets will continue to look for a sign of “finality” on many economic fronts in 2023 Q4. 

All three indexes continued with their downward momentum from August.  Specifically, the Dow fell 3.5%.  The Nasdaq Composite was down by 5.8% in September with the S&P off by 4.9%.  While October has been known to be a rough month for the markets historically, many are voicing their opinions that the markets have sold off a bit too fast in the August/September timeframe. 

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

September saw big tech rearranging the deck chairs from prior months on the upper half of the top 20 list.  The auto industry and Ford specifically saw greater interest in September, possibly related to the ongoing UAW strike.  We continue to be concentrated with top 4 symbols accounting for 50% of all transactions in the month.

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

  1. Nvidia (NVDA)
  2. Tesla (TSLA)
  3. Amazon (AMZN)
  4. Apple (AAPL)
  5. Advanced Micro Devices (AMD)
  6. Marathon Digital (MARA)
  7. Boeing (BA)
  8. Meta Platforms (META)
  9. Netflix (NFLX)
  10. Carvana (CVNA)
  11. Exxon Mobile (XOM)
  12. SoFi Technologies(SOFI)
  13. Ford (F)
  14. Paypal (PYPL)
  15. Adobe (ADBE)
  16. Block Inc (SQ)
  17. Microsoft (MSFT)
  18. Texas Instruments (TXN)
  19. Alphabet (GOOGL)
  20. Affirm Holdings (AFRM)

As we enter October, we hope you don’t run into spooky markets.  Stay informed and trade well.

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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.

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