Top 20 Equity Options Traded

in March 2023

April 3, 2023

March started out like a lamb and ended up like a bull with markets rallying in the second half of the month.  Early in the March, we were continuing debates about inflation, interest rates and the Fed.  Everything changed mid-month with the bank failure of Silicon Valley Bank took the markets by surprise.  After an anxious weekend, regulators announced a safety net but we restarted the debate about the Fed’s next rate hike. By the end of the month, recession fears subsided and markets manifested a rebound.  The Nasdaq saw the biggest improvement, up 6.7% in March.  The DOW Composite was up 3.5% by month end and the S&P500 recovered up 1.4%. 

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

First Republic Bank got caught up in the banking crisis and was actively traded this month along with JP Morgan and Bank of America all joining the Top 20 for the first time.  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 March 2023.  Note that we do not make trade recommendation but are sharing this for your interest.

1. Tesla (TSLA)
   2. Chipotle Mexican Grill (CMG)
   3. Nvidia (NVDA)
   4. Meta Platforms (META)
   5. Microsoft (MSFT)
   6. Amazon (AMZN)
   7. Apple (AAPL)
   8. Advanced Micro Devices (AMD)
   9. First Republic Bank (FRC)
10. Alibaba (BABA)
11. JP Morgan (JPM)
12. Philips 66 (PSX)
13. Coinbase (COIN)
14. AMC Entertainment (AMC)
15. Boeing (BA)
16. Exxon Mobil (XOM)
17. Ford (F)
18. Walt Disney (DIS)
19.  Bank of America (BAC)
20. Dish Network (DISH)

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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