Top 20 Equity Options Traded
in June 2023
July 3, 2023
Friday’s close marked the end of the month, the second quarter and the first half of 2023. June extended the trend of a broad comeback. The markets received encouraging news on the inflation story as personal consumption expenditures price index (PCE) increased less than expected. This was taken as a positive indication that the Fed’s efforts to stem inflation are working and that future increases in interest rates will start to subside.
To sum up the markets in June, all major indices performed impressively with the Nasdaq up 6.6%, the S&P gaining 6.5% and the Dow improving by 4.6% in the month. These are all personal bests since the fall of 2022 as a rising tide lifts all boats.
Below is a chart comparing relative ETF performance of the Dow, Nasdaq and S&P for the month of June 2023.
Big tech continues to own the top 20 list. We see a continuation of the “A.I. trade” in June as markets obsess on how artificial general intelligence will transform the future (for better or worse). Adding to the big boys, we see C3.ai making an appearance this month. The debate continues on if we are over-bought in a hype cycle or if this run has legs to extend.
Below are the most active 20 equity symbols based on the number of option trades in eOption accounts in June 2023. Note that we do not make trade recommendation and are sharing this for your interest.
1. Tesla (TSLA)
2. Nvidia (NVDA)
3. Advanced Micro Devices (AMD)
4. Meta Platforms (META)
5. Apple (AAPL)
6. C3.ai (AI)
7. Marathon Digital (MARA)
8. Amazon (AMZN)
9. Microsoft (MSFT)
10. Boeing (BA)
11. Carvana (CVNA)
12. Dish Network (DISH)
13. Micron Technology (MU)
14. Upstart (UPST)
15. Ford (F)
16. Booking.com (BKNG)
17. Alphabet (GOOGL)
18. Broadcom (AVGO)
19. Snowflake (SNOW)
20. Rivian Automotive (RIVN)
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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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.