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After 2022, many were hoping for an early reversal in 2023. After an early rally, stocks like Apple Inc. (Nasdaq: AAPL) began to drag the market lower, losing its $2 trillion market cap in the process. While the tenor was more bearish, the late-day rally found the market close to where it finished 2022. During the intra-day volatility, it was gold and energy that looked to solidify their trends with significant option activity. (GDX, XLE, TEVA, GRAB)
