What a month!  Inflation accelerated to 7.5%, the highest since 1982.  Russia invades Ukraine sending global markets into tailspins followed by rebounds.  Rinse and repeat.  Energy prices surge with oil breaches the $100 level.  Volatility theme extends into February and not surprisingly we saw greater volume in VXX activity during the month.  The Dow, S&P and Nasdaq all declined for the second month entering correction territory. 

Besides the major ETFs, big tech remains the popular trade at eOption with Tesla, Apple, Meta, Microsoft, Advanced Micro Devices, Nvidia, Alphabet and Amazon holding top positions.

Below are the top 20 underlying symbols based on the number of option trades in eOption accounts in February 2022.  Note that we do not make trade recommendation but are sharing this for your interest.

1. SPDR S&P 500 ETF (SPY)
2. Invesco QQQ Trust (QQQ)
3. Tesla (TSLA)
4. Apple (AAPL)
5. iPath S&P 500 Short Futures ETN (VXX)
6. Meta Platforms (FB)
7. Microsoft (MSFT)
8. Advanced Micro Devices (AMD)
9. Nvidia (NVDA)
10. Alphabet (GOOGL)
11. Bank of America (BAC)
12. iShares Russell 2000 (IWM)
13. ProShares UltraPro QQQ (TQQQ)
14. Paypal (PYPL)
15. (UVXY)
16. Amazon (AMZN)
17. Ford (F)
18. S&P 500 Index Weeklies (SPXW)
19. Marathon Digital Holdings (MARA)
20. Exxon Mobile (XOM)

Wishing everyone a safe & healthy March.  Stay informed.  Trade well.

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