Top 20 Equity Options Traded

in April 2023

May 2, 2023

Looking for April showers to bring May profits as the market trended higher by month end.  Financial markets continue to digest news and sentiment related to inflation, interest rates and uncertainty in the regional banking sector after the failure of Silicon Valley Bank in March. First Republic Bank continued on center stage while fears of their failure were ultimately assuaged with an FDIC-facilitated takeover by JP Morgan was announced prior to the market open on May 1. By the end of the month, recession fears subsided and markets manifested a rebound.  The Dow saw the biggest improvement, up 2.5% in April.  The S&P was up 1.5% by month end and the Nasdaq ended essentially flat.

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

With banking in play during April, First Republic Bank, JP Morgan and Bank of America all remain in the Top 20 list.  We see the usual suspects again in the top 20 with TSLA, AMD, AAPL, META, AMZN, NVDA, MSFT as your favorite trades as techs rally. Below are the most active 20 equity symbols based on the number of option trades in eOption accounts in April 2023.  Note that we do not make trade recommendation but are sharing this for your interest.

   1. Tesla (TSLA)
   2. Nvidia (NVDA)
   3. Meta Platforms (META)
   4. Chipotle Mexican Grill (CMG)
   5. Apple (AAPL)
   6. (BKNG)
   7. Amazon (AMZN)
   8. Microsoft (MSFT)
   9. Advanced Micro Devices (AMD)
10. First Republic Bank (FRC)
11. Alphabet (GOOGL)
12. Coinbase (COIN)
13. Boeing (BA)
14. United Health Group (UNH)
15. Costco (COST)
16. Netflix (NFLX)
17. Roku (ROKU)
18. JP Morgan (JPM)
19. Marathon (MARA)
20. Bank of America (BAC)

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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