Top 20 Equity Options Traded
in October 2024

November 1, 2024

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October can often be a tricky month (pun intended).  After continuing the positive upward trend from prior months, we were not delivered a treat as gains were erased in the final days of October.  The Dow (-1.34%) and the S&P (-0.99%) both had their first down month since April.  Nasdaq had the steepest reversal in the final days ending off 0.52%.

The inflation situation appears to be much improved at 2.1% nearly at the Fed’s target rate.  Employment numbers hold steady.  Economic numbers aside, many eyes are on the election next week.  Gambling markets are pricing in a Trump victory but nothing is certain as the polls are in a dead heat.

The chart below visualizes ETF performance related on the Dow, Nasdaq and S&P indices for the month of October 2024.

Nvidia and Tesla continue their stranglehold on the #1 and #2 spots in the Top 20 in October.  Microsoft and Meta both missed earnings expectations on the final day of October driving the pullback downward.  Boeing (BA) moves up as they raise over $24 billion in equity and debt financing to shore up the company while they continue their strike negotiations.  Trump Media (DJT) make a big move as some are more confident in a Trump returning to the White House.  McDonald’s slides after news of an e-coli outbreak. 

Below are the most active 20 equity symbols based on the number of option trades in eOption accounts in October 2024.  Note that we do not make trade recommendations and are sharing this solely for your interest. 

  1. Nvidia (NVDA)
  2. Tesla (TSLA)
  3. Apple (AAPL)
  4. Booking.com (BKNG)
  5. Boeing (BA)
  6. Amazon (AMZN)
  7. Micron Technology (MU)
  8. Advanced Micro Devices (AMD)
  9. Netflix (NFLX)
  10. Microsoft (MSFT)
  11. Trump Media (DJT)
  12. Super Micro Computer (SMCI)
  13. Meta Platforms (META)
  14. Texas Instruments (TXN)
  15. Palantir Technologies (PLTR)
  16. McDonalds (MCD)
  17. Palo Alto Networks (PANW)
  18. Snowflake (SNOW)
  19. SoFi Technologies (SOFI)
  20. Visa (V)

In November will see the end of a long and (too many) a torturous presidential race between VP Harris and former president Trump.  How will the markets react?  We will find out in next month’s report.

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. Past performance is not indicative of future results.

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.

Options involve risk and are not suitable for all investors. Prior to trading options, you must be approved for options trading and read the Characteristics and Risks of Standardized Options. A copy may also be requested via email at support@eoption.com or via mail to eOption, 950 Milwaukee Ave., Ste. 102, Glenview, IL 60025.

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