Top 25 Stocks by Option Premium
Individual stocks with the most options activity by premium traded. High liquidity translates to tighter bid-ask spreads and lower trading costs. Data as of October 16th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | $1.72B | $895M | $820M |
| 2 | TSLA | Tesla Inc | $1.24B | $724M | $519M |
| 3 | META | Meta Platforms Inc | $948M | $654M | $294M |
| 4 | NVDA | NVIDIA Corp | $927M | $535M | $391M |
| 5 | AMD | Advanced Micro Devices | $826M | $474M | $352M |
| 6 | SNDK | Sandisk Corp | $776M | $318M | $458M |
| 7 | AAPL | Apple Inc | $580M | $382M | $198M |
| 8 | AMZN | Amazon.com Inc | $419M | $295M | $124M |
| 9 | AVGO | Broadcom Inc | $414M | $204M | $211M |
| 10 | NBIS | Nebius Group N.V. | $407M | $173M | $234M |
| 11 | SPCX | Space Exploration Technologies Corp. | $407M | $198M | $209M |
| 12 | INTC | Intel Corp | $401M | $216M | $185M |
| 13 | MSTR | Strategy Inc | $387M | $283M | $104M |
| 14 | MSFT | Microsoft Corp | $362M | $254M | $108M |
| 15 | PLTR | Palantir Technologies Inc | $360M | $219M | $141M |
| 16 | CRWV | CoreWeave, Inc. | $342M | $133M | $208M |
| 17 | SKHY | SK hynix Inc. | $257M | $88M | $170M |
| 18 | GOOGL | Alphabet Inc | $231M | $162M | $69M |
| 19 | BE | Bloom Energy Corporation | $190M | $66M | $124M |
| 20 | ORCL | Oracle Corp | $184M | $78M | $107M |
| 21 | MRVL | Marvell Technology Inc | $183M | $70M | $113M |
| 22 | CRWD | CrowdStrike Holdings Inc | $180M | $103M | $77M |
| 23 | DELL | Dell Technologies Inc. | $180M | $73M | $107M |
| 24 | GOOG | Alphabet Inc | $178M | $115M | $63M |
| 25 | TSM | Taiwan Semiconductor Manufacturing | $177M | $100M | $77M |
Top 10 ETFs by Option Premium
Index and sector ETFs with the most active options markets. Data as of October 16th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco QQQ Trust | $3.80B | $1.47B | $2.33B |
| 2 | SPY | SPDR S&P 500 ETF | $2.78B | $1.18B | $1.60B |
| 3 | IWM | iShares Russell 2000 ETF | $373M | $88M | $285M |
| 4 | SOXL | Direxion Daily Semiconductor Bull 3X | $278M | $108M | $170M |
| 5 | SMH | VanEck Semiconductor ETF | $251M | $98M | $153M |
| 6 | TQQQ | ProShares UltraPro QQQ | $167M | $73M | $94M |
| 7 | USO | United States Oil Fund | $162M | $129M | $32M |
| 8 | SOXX | iShares Semiconductor ETF | $158M | $82M | $75M |
| 9 | GLD | SPDR Gold Shares | $157M | $87M | $69M |
| 10 | EWZ | iShares MSCI Brazil ETF | $87M | $44M | $43M |
Why Trade Liquid Options?
Liquidity is one of the most important factors when selecting which options to trade, especially for active trading. High liquidity means:
- Tighter spreads: Less money lost to bid-ask spread when entering and exiting positions.
- More reliable execution: Orders fill at prices closer to the midprice, especially on larger orders.
- Better pricing: More market maker competition leads to more efficient, accurate pricing.
A liquid option might have a $0.01 spread ($0.99 bid / $1.00 ask), while an illiquid one could be $0.20 wide ($0.90 bid / $1.10 ask) — a 20x difference in cost just to enter and exit.
Methodology
Total premium traded is calculated as the sum of (option price × volume × 100) for all contracts traded during the measurement period. Data updates daily and shows cumulative premium from the most recent trading session. Rankings exclude cash-settled index products (SPX, VIX, NDX, RUT, etc.).
Data updates daily. The table shows cumulative premium from the most recent day of trading activity.