Interactive Brokers (IBKR) has released its latest “25 Most Active Symbols” list for November 26, 2024, shedding light on client trading activity across stocks and options over the past five business days. With the average stock order size clocking in at 1,138 shares for October 2024, this breakdown highlights key trends shaping market sentiment.

Leading the pack, NVIDIA (NVDA) reclaimed its top spot with $674,382 in gross orders, outpacing its previous rival Tesla (TSLA), which slid to third place. Meanwhile, MicroStrategy (MSTR) leaped to second, solidifying the dominance of crypto-themed names on the list. MSTR’s strategy of leveraging its Bitcoin holdings appears to resonate with investors, particularly as Marathon Digital Holdings (MARA) and Coinbase (COIN) also climbed into the top five.

Steve Sosnick, Interactive Brokers’ Chief Strategist, commented, “The resurgence of crypto-related plays, including MSTR, MARA, COIN, and others like #23 CleanSpark (CLSK), highlights investors’ appetite for leveraged bets on the cryptocurrency sector. This trend harkens back to the days when NVDA was a proxy for crypto’s rise.”

Key Standouts in Trading Activity

• NVIDIA (NVDA): $674,382 in gross trading volume with options activity notably robust, recording $167,199 in total gross options volume.
• MicroStrategy (MSTR): Gross orders hit $515,074, buoyed by its heavy Bitcoin association.
• Tesla (TSLA): Despite falling behind, it maintained a healthy $483,248 in gross orders.
• Marathon Digital Holdings (MARA): $156,143 in gross trading, highlighting its role as a leveraged crypto play.

Bitcoin ETFs Enter the Spotlight For the first time, Bitcoin ETFs like IBIT (#17) gained notable traction, supported by options activity. Sosnick remarked, “Bitcoin ETFs like IBIT, which previously lingered at the bottom, have started climbing the ranks thanks to the addition of options trading, which seems to have drawn more interest.”

Absent Faces and Shifting Trends Interestingly, Donald Trump-related (DJT) stocks, which once commanded attention during the election period, have fallen entirely off the radar, illustrating shifting priorities among traders.

The List at a Glance (Top Performers by Gross Orders)

1. NVDA: $674,382
2. MSTR: $515,074
3. TSLA: $483,248
4. SMCI: $258,934
5. MARA: $156,143

As the crypto sector’s influence grows, traditional plays like tech stocks maintain their foothold but face mounting competition from emerging assets. This list serves as a pulse check for IBKR clients’ trading preferences, giving insight into where the market excitement lies.