Top 20 Equity Options Traded

in July 2023

August 7, 2023

Markets broadly continued their “melt up” in July.  Déjà vu with concerns with an overbought scenario as equity markets increase.  This is all despite treasury bills rates press up against 10-year all time highs.  Hopes for a soft-landing to avoid a recession are evident with numbers supporting stronger labor market and cooling inflation.

For the month, the Dow increased 3.4% (+7.28% YTD) posting a 13-day upward trend that matched its longest streak since 1987. S&P 500 nearly matched the Dow, up 3.1% (+19.52% YTD) in July for its fifth consecutive positive month. Not to be outdone, the Nasdaq gained 4.1% in July (+37.07% YTD) up for the fifth straight month running.  2023 is showing great potential. 

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

No surprises in July as big tech continues to dominate the top 20 list.  We are very concentrated with top 4 symbols accounting for over 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 July 2023.  Note that we do not make trade recommendation and are sharing this for your interest.

  1. Tesla (TSLA)
  2. Nvidia (NVDA)
  3. Meta Platforms (META)
  4. Microsoft (MSFT)
  5. Apple (AAPL)
  6. Netflix (NFLX)
  7. Boeing (BA)
  8. Amazon (AMZN)
  9. Chipotle Mexican Grill (CMG)
  10. Marathon Digital (MARA)
  11. Carvana (CVNA)
  12. AMC Entertainment (AMC)
  13. Advanced Micro Devices (AMD)
  14. Costco (COST)
  15. Exxon Mobile (XOM)
  16. Alphabet (GOOGL)
  17. Roku (ROKU)
  18. Rivian Automotive (RIVN)
  19. Upstart (UPST)
  20. Coinbase (COIN)

Enjoy the summer.  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.

Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Please be aware that the stock market is dynamic, and the performance of these companies listed in this article can change rapidly due to various factors such as market conditions, technological advancements, competition, and more. Always do your own thorough research.

At eOption, online stock trades are $0 commission, and options are 10¢ per contract (+$1.99/trade).

This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation.

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