The volatility theme continues as we enter 2022 with major indices rallying late in the month recovering from larger losses earlier in January.  Not surprisingly, VXX was more active during the month.  Nasdaq was down nearly 9%, The S&P was down over 5% and the Dow down around 3% for the month as we continued to digest news on COVID, inflation and potential conflicts between Russia and Ukraine.

Besides the major ETFs, big tech remains the popular trade at eOption with Tesla, Apple, Microsoft, Advanced Micro Devices and Amazon holding top positions. 

Re-entrants to the top 20 in January are Qualcomm, Lucid Motors, Exxon Mobile, Rivian Automotive and Marathon Digital Holdings as we processed news in chip, EV, energy and crypto sectors.

Below are the top 20 underlying symbols based on the number of option trades in eOption accounts in January 2022.  Note that we do not make trade recommendation but are sharing this for your interest

1. SPDR S&P 500 ETF (SPY)
2. Tesla (TSLA)
3. Invesco QQQ Trust (QQQ)
4. Apple (AAPL)
5. Microsoft (MSFT)
6. Advanced Micro Devices (AMD)
7. iPath S&P 500 Short Futures ETN (VXX)
8. Amazon (AMZN)
9. iShares Russell 2000 (IWM)
10. Nvidia (NVDA)
11. ProShares UltraPro QQQ (TQQQ)
12. Ford (F)
13. Meta Platforms (FB)
14. Qualcomm (QCOM)
15. Lucid Group (LCID)
16. S&P 500 Index Weeklies (SPXW)
17. Micron Technology (MU)
18. Exxon Mobile (XOM)
19. Rivian Automotive (RIVN)
20. Marathon Digital Holdings (MARA)

Wishing everyone a healthy & profitable 2022!.  Stay informed.  Trade well.

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This information provided for general informational purposes only and should not be considered recommendations or advice by eOption.

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