Top 20 Equity Options Traded

in Feburary 2023

March 6, 2023

Markets started strong as we entered February, but the enthusiasm waned by the end of the month with all major indices ending up in the red.  The Dow saw the biggest losses as growth and tech names “outperformed” with slimmer losses.  Specifically, the Dow shed 4.2%, while the S&P fell 2.6% and the Nasdaq slipped 1.1%. Equities sold off after inflation concerns sparked a rise in Treasury yields.  The US Fed, European Central Bank and Bank of England all increased rates in the month. 

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

We see the usual suspects again in the top 20 with TSLA, AMD, AAPL, META, AMZN, NVDA, MSFT as your favorite trades.  The rally in techs continued early in February but fizzled late in the month.  TSLA was a clear winner continuing a strong rebound, up over 80% this year.

Online auto-retailer, Carvana, fell back to earth shedding 14% of market value after reporting growing debt and continuing to burn cash.  Coinbase continues to be volatile along with the price of bitcoin and other cryptocurrencies.  The SEC and Chairman Gensler has been showing its teeth this year indicating a position to regulate the asset class in the US.

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

Tesla (TSLA)
   2.  Meta Platforms (META)
   3.  Nvidia (NVDA)
   4.  Amazon (AMZN)
   5.  Chipotle Mexican Grill (CMG)
   6.  Alphabet (GOOGL)
   7.  Apple (AAPL)
   8.  Microsoft (MSFT)
   9. (BKNG)
10.  Advanced Micro Devices (AMD)
11.  Alibaba (BABA)
12.  Exxon Mobil (XOM)
13.  Walt Disney (DIS)
14.  Vinco Ventures (BBIG)
15.  Carvana (CVNA)
16.  Ford (F)
17.  Coinbase (COIN)
18.  Snapchat (SNAP)
19.  AMC Entertainment (AMC)
20.  Costco (COST)

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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