Facebook Cedes the Crown: April at TradeStation


After a flurry of volume in March, Facebook (FB) slid down the activity rankings last month.

FB was the second-busiest equity on TradeStation in April, failing back behind the typical leader, SPDR S&P 500 ETF (SPY). It also lost ground among underliers for options traders.

Overall there weren’t a lot of surprises and changes looking at our top symbols, but here’s a rundown of the top names:

  1. SPDR S&P 500 ETF (SPY): The market-tracking ETF moved back up from No. 2.
  2. Facebook (FB): The social-media giant slid from No. 1 in March.
  3. Nvidia (NVDA): The chip maker rose from fifth-busiest spot.
  4. iPath S&P 500 VIX (VXX): The market-inverse instrument held its position at No. 4.
  5. PowerShares QQQ Trust (QQQ): The Nasdaq-100 tracking fund rose from sixth in March.
  6. Apple (AAPL): The smart phone giant inched up from No. 7.
  7. Netflix (NFLX): The streaming-video company moved up from the No. 8 spot.
  8. Micron (MU): The memory-chip maker slid from No. 3 in March. Activity waned after earnings were released.
  9. Amazon (AMZN): The e-commerce giant rose from No. 11 as traders prepared for quarterly results.
  10. ProShares UltraPro QQQ (TQQQ): The leveraged instrument held its position from the previous month.
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David Russell is VP of Market Intelligence at TradeStation Group. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.