Top 20 Equity Options Traded

in August 2023

September 8, 2023

Summer doldrums were in full effect in August with light trading volumes and all three indices declined.  Continued focus on employment and interest rates with various predictions on the Fed’s next move with their battle on inflation.  We will have to wait until the next Federal Open Market Committee meeting September 20th. 

All three indexes lost ground in August. Specifically, the Dow fell 2.4%.  The Nasdaq and S&P both snapped their 5-month winning streak with Nasdaq down 2.2%, and the S&P off by 1.7%. The Fed's inflation gauge showed prices rising 0.2% in July, inline with June.

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

No surprises in August as big tech continues to dominate the top 20 list.  Nvidia announcing strong earnings which lifted all boats in the chip sector.  We are very 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 August 2023.  Note that we do not make trade recommendation and are sharing this for your interest.

  1. Nvidia (NVDA)
  2. Tesla (TSLA)
  3. Apple (AAPL)
  4. Amazon (AMZN)
  5. Advanced Micro Devices (AMD)
  6. Meta Platforms (META)
  7. Netflix (NFLX)
  8. Boeing (BA)
  9. Upstart (UPST)
  10. Exxon Mobile (XOM)
  11. Microsoft (MSFT)
  12. Ebix (EBIX)
  13. AMC Entertainment (AMC)
  14. Marathon Digital (MARA)
  15. Disney (DIS)
  16. Carvana (CVNA)
  17. CrowdStrike(CRWD)
  18. Palantir (PLTR)
  19. Alphabet (GOOGL)
  20. SoFi Technologies(SOFI)

Looking forward to a productive and profitable September.  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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