More and more retail investors are entering the market, and optionsXpress’ most recent quarter seems to prove it.
- Cramer's 12 Stocks to Play the Recovery
OXPS is up 5.3% since Cramer’s Sept. 8 call, no doubt helped by today’s upside surprise. The company netted 6,600 new accounts, saw September daily average revenue trades climb 6% from August and booked 2% more in commissions per trade than the previous quarter.
Almost all of optionsXpress’ 343,900 customers are believed to be actively trading options, Cramer said, with options comprising 59% of the company’s retail trades, up from 57% last quarter. OXPS is in such a sweet spot that he called it the best way to play options short of actually buying them.
Don’t believe Cramer? Then check out his interview with optionsXpress CEO David Fisher.
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