Top 20 Equity Options Traded

in October 2022

November 1, 2022

Markets showed signs of recovery in October, although it was not a broad rally across all sectors.  The DOW saw the largest bounce in the month, up 13.95% but is still down -9.92% on the year.  The S&P was up 7.99% in October bur remains down -18.76% for 2022.  Lastly, the tech-heavy Nasdaq has been punished the most in year, down -29.77% after a relatively small rise of 3.9% last month.

Interest rates have pulled back from their peak in June.  Proving that the market is not the economy, traders are pricing in future recovery from the current economic malaise.  The main expectation is for Chairman Powell to announce a pullback on the Fed’s rates increases in the near-term (but not imminently).  Although many are planning for higher interest rates for the near term, this shift from the current hawkish to dovish theme would reduce the cost of capital. 

Here is a chart comparing relative ETF performance of the Dow, Nasdaq and S&P for the month of October.

The top 20 companies have remained consistent over the last few months.  Chipotle (CMG) lost their stranglehold on the #1 spot to the active big-tech leaders.

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

  1. Tesla (TSLA)
  2. Amazon (AMZN)
  3. Apple (AAPL)
  4. Nvidia (NVDA)
  5. Netflix (NFLX)
  6. Chipotle Mexican Grill (CMG)
  7. Meta Platforms (META)
  8. Microsoft (MSFT)
  9. Advanced Micro Devices (AMD)
  10. Roku (ROKU)
  11. Paypal (PYPL)
  12. Alphabet (GOOGL)
  13. Costco (COST)
  14. Vinco Ventures (BBIG)
  15. Exxon Mobile (XOM)
  16. Coinbase (COIN)
  17. Goldman Sachs (GS)
  18. Intel (INTC)
  19. Boeing Company (BA)
  20. Crowdstrike (CRWD)

Wishing everyone happy November and Thanksgiving.  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.

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.

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