Are you an active options trader who is looking for the best stocks to trade weekly options? Or maybe you are a day trader who has just discovered options and would like to find the best stocks to day trade options consistently
In any case, we got you covered because we are constantly trading and we know that volume and open interest is the single most important value we need to take into account if we want to be successful and profitable in the long term.
For that reason, we are going to share two lists of what we consider the best stocks to trade weekly options based on their volume and their importance in the market. To make it even better, we will tell you in which market the stock trades, so you can easily have it located.
Why should we look for those stock options with high volume?
As you may know, for the Black-Scholes model to properly work and for it to be reliable, the single most important thing we need to look for is stock options with high volume.
The reason is simple: a higher volume means a lower spread between the bid and the ask of the option contract which translates into easier profits in the end.
Remember that we always want a very tight spread to avoid entering a trade with almost instant losses. Always look for high volume and open interest.
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A list of the best stocks to trade weekly options
Typically what we do is trade stocks that quote on a single market because it makes it easier for us to predict how it is going to perform. For that reason, we have divided the list into two.
What are the best stocks to trade options on the NASDAQ
Here is a list of the best stocks to trade weekly options on the NASDAQ. This list comes from our day-to-day experience and we have found that they typically have a higher volume compared to any other stock option in this market.
| NAME | TICKER | SECTOR |
| TESLA INC. | TSLA | Industrials |
| META PLATFORMS INC. | FB | Technology |
| NETFLIX INC. | NFLX | Consumer Discret. |
| NVIDIA CORP. | NVDA | Technology |
| PEPSICO INC. | PEP | Consumer Discret. |
| DOLLAR TREE INC. | DLTR | Consumer Discret. |
| APPLE INC. | AAPL | Technology |
| AIRBNB INC. | ABNB | Industrials |
| MODERNA INC. | MRNA | Health Care |
| QUALCOMM INC. | QCOM | Technology |
| T-MOBILE US INC. | TMUS | Utilities |
| ELECTRONIC ARTS INC. | EA | Consumer Discret. |
| APPLIED MATERIALS INC. | AMAT | Industrials |
| ZOOM VIDEO COMMUNICATIONS INC. | ZM | Technology |
| ROKU INC. | ROKU | Consumer Discret. |
| ADVANCED MICRO DEVICES INC. | AMD | Technology |
| PAYPAL HOLDINGS INC. | PYPL | Industrials |
| MONSTER BEVERAGE | MNST | Consumer Discret. |
| STARBUCKS CORP. | SBUX | Consumer Discret. |
| ACTIVISION BLIZZARD INC | ATVI | Consumer Discret. |
| MICRON TECHNOLOGY INC. | MU | Technology |
| ASTRAZENECA PLC ADS | AZN | Health Care |
| MONDELEZ INTERNATIONAL INC. | MDLZ | Consumer Discret. |
| WESTERN DIGITAL | WDC | Technology |
| MARVELL TECHNOLOGY INC. | MRVL | Technology |
| EBAY INC. | EBAY | Consumer Discret. |
| CISCO SYSTEMS INC. | CSCO | Technology |
| INTEL CORP. | INTC | Technology |
| THE KRAFT HEINZ CO. | KHC | Consumer Discret. |
| COMCAST CORP. | CMCSA | Telecommunications |
| PENN NATIONAL GAMING INC. | PENN | Consumer Discret. |
| AFFIRM HOLDINGS INC. | AFRM | Technology |
| MATTEL INC. | MAT | Consumer Discret. |
| DROPBOX INC. | DBX | Technology |
| PLUG POWER INC. | PLUG | Consumer Discret. |
| LUCID GROUP INC. | LCID | Industrials |
| AMERICAN AIRLINES GROUP INC. | AAL | Consumer Discret. |
| FLEX | FLEX | Technology |
| DRAFTKINGS INC. | DKNG | Consumer Discret. |
| BED BATH & BEYOND INC. | BBBY | Consumer Discret. |
| RIOT BLOCKCHAIN INC | RIOT | Technology |
| SMILEDIRECTCLUB INC. | SDC | Health Care |
If you are looking for high volatility stock options, you will find the best stocks to trade weekly options on NASDAQ.
As you can see, most of these stocks have a high capitalization and a very high trading volume in general. If you are looking to add more stocks to this list, as a rule of thumb, you should focus first on the stock volume and then, the options volume.
What are the best stocks to trade options on the NYSE
Here is a list of the best stocks to trade weekly options on the NYSE. And, once again, we have created this list from our day-to-day experience. Take into account that many of the NYSE stock options have lesser option volume compared to NASDAQ stocks.
| NAME | TICKER | SECTOR |
| CHEVRON CORP. | CVX | Energie |
| PROCTER & GAMBLE CO. | PG | Consumer Discret. |
| BOEING COMPANY THE | BA | Industrials |
| WALMART INC. | WMT | Consumer Discret. |
| INTL. BUSINESS MACHINES | IBM | Technology |
| JP MORGAN CHASE & CO. | JPM | Financials |
| GAMESTOP CORP. | GME | Consumer Discret. |
| WALT DISNEY CO. | DIS | Consumer Discret. |
| BLOCK INC. CLASS A | SQ | Industrials |
| CONOCOPHILLIPS | COP | Energie |
| ALIBABA GROUP HOLDING | BABA | Consumer Discret. |
| CVS HEALTH CORP. | CVS | Health Care |
| EXXON MOBIL CORP. | XOM | Energie |
| MERCK & COMPANY INC. | MRK | Health Care |
| GENERAL ELECTRIC CO. | GE | Consumer Discret. |
| BRISTOL-MYERS SQUIBB CO. | BMY | Health Care |
| ORACLE CORP. | ORCL | Technology |
| NEWMONT CORP. | NEM | Basic Materials |
| ALCOA CORP. | AA | Basic Materials |
| COCA-COLA CO. | KO | Consumer Discret. |
| ALTRIA GROUP INC. | MO | Consumer Discret. |
| CITIGROUP INC. | C | Financials |
| PFIZER INC. | PFE | Health Care |
| TWITTER INC. | TWTR | Technology |
| VERIZON COMMUNICATIONS INC. | VZ | Utilities |
| WELLS FARGO & CO. | WFC | Financials |
| DELTA AIR LINES INC. | DAL | Consumer Discret. |
| BOSTON SCIENTIFIC | BSX | Health Care |
| MGM RESORTS INTERNATIONAL | MGM | Consumer Discret. |
| SCHLUMBERGER N.V. | SLB | Energie |
| GENERAL MOTORS CO. | GM | Industrials |
| BANK OF AMERICA | BAC | Financials |
| UNITED STATES STEEL | X | Basic Materials |
| SNAP INC. CLASS A | SNAP | Technology |
| UBER TECHNOLOGIES INC. | UBER | Technology |
| MARATHON OIL CORP. | MRO | Energie |
| CLEVELAND-CLIFFS INC. | CLF | Basic Materials |
| MACY S INC | M | Consumer Discret. |
| BARRICK GOLD CORP. | GOLD | Basic Materials |
| PINTEREST INC. CLASS A | PINS | Consumer Discret. |
| NORWEGIAN CRUISE LINE HLD. | NCLH | Industrials |
| AT&T INC. | T | Consumer Discret. |
| KINDER MORGAN INC. | KMI | Utilities |
| CARNIVAL CORP. | CCL | Consumer Discret. |
| NIO INC. ADS | NIO | Industrials |
| AMC ENTERTAINMENT HLD. | AMC | Consumer Discret. |
| AMERICAN EAGLE OUTFITTERS INC. | AEO | Consumer Discret. |
| FORD MOTOR COMPANY | F | Industrials |
| PALANTIR TECHNOLOGIES | PLTR | Technology |
| TEVA PHARMACEUTICAL INDUSTRIES | TEVA | Health Care |
If you are looking for low volatility options, you will find the best stocks to trade weekly options on NYSE.
How to find stocks with high option volume?
Even though the two lists that we have provided you are stock options with high volume, we do not only want to give you our list but a method we use to find the best optionable stocks to trade.
Whenever we want to include new stocks in our lists, what we do is access an options scanner that allows us to see the stock options with higher volume in the market. We use the following scanner.
Find the best stocks to trade weekly options on this scanner
As you can see, there are many different alternatives to look for the most active options in the market. But keep in mind that even with this approach, not every single recommendation from the scanner will be valid.
We should be checking with our brokerage account the open interest and the volume of the stock, because on many occasions you will find some penny stocks popping up or even some stock options with a single option chain, thus reducing the possibilities of our strategies, and you may want to avoid them.
Using ETF options is another interesting approach
Remember that you can also trade ETF options instead of using the best stocks to trade weekly options.
Compared to any stock option in the market, the ETF option will have, without a doubt, the highest volume in the entire options market.
Keep in mind that an ETF such as the QQQ or the SPY replicates the main indices, so it makes it very attractive for many options traders.
Would you like a list of ETF options too? Do not worry, we also got you covered here!
In the end, the best stocks to trade weekly options…
Are not only those we have shown you in these two lists. There are many possibilities around us, we only need the tools to see them.
As a final piece of advice, we would recommend you to pick a few stocks from the lists we have given you and focus on understanding their behavior and trading them. It is better to narrow your target instead of trading any stock option that you find because of the volume.
At the end of the day, the best stocks to trade weekly options or daily options are those that you find yourself more comfortable with.
