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 November 5th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | $5.66B | $1.76B | $3.90B |
| 2 | NVDA | NVIDIA Corp | $3.22B | $1.25B | $1.97B |
| 3 | SNDK | Sandisk Corp | $2.46B | $502M | $1.96B |
| 4 | AMD | Advanced Micro Devices | $2.20B | $797M | $1.41B |
| 5 | TSLA | Tesla Inc | $1.81B | $682M | $1.13B |
| 6 | INTC | Intel Corp | $1.63B | $198M | $1.43B |
| 7 | MRVL | Marvell Technology Inc | $1.30B | $129M | $1.18B |
| 8 | AVGO | Broadcom Inc | $1.06B | $229M | $828M |
| 9 | META | Meta Platforms Inc | $918M | $496M | $422M |
| 10 | SPCX | Space Exploration Technologies Corp. | $779M | $308M | $471M |
| 11 | TSM | Taiwan Semiconductor Manufacturing | $771M | $221M | $550M |
| 12 | ARM | Arm Holdings plc | $758M | $55M | $704M |
| 13 | ORCL | Oracle Corp | $685M | $191M | $495M |
| 14 | NBIS | Nebius Group N.V. | $647M | $122M | $524M |
| 15 | BA | Boeing Co | $615M | $19M | $596M |
| 16 | GOOGL | Alphabet Inc | $564M | $209M | $355M |
| 17 | AAPL | Apple Inc | $539M | $306M | $232M |
| 18 | MSFT | Microsoft Corp | $517M | $388M | $129M |
| 19 | DELL | Dell Technologies Inc. | $504M | $97M | $407M |
| 20 | GOOG | Alphabet Inc | $488M | $120M | $368M |
| 21 | PLTR | Palantir Technologies Inc | $486M | $182M | $304M |
| 22 | BE | Bloom Energy Corporation | $481M | $144M | $337M |
| 23 | AMZN | Amazon.com Inc | $448M | $284M | $164M |
| 24 | LRCX | Lam Research Corp | $430M | $62M | $368M |
| 25 | CRWV | CoreWeave, Inc. | $360M | $75M | $285M |
Top 10 ETFs by Option Premium
Index and sector ETFs with the most active options markets. Data as of November 5th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco QQQ Trust | $8.39B | $2.26B | $6.13B |
| 2 | SPY | SPDR S&P 500 ETF | $5.51B | $1.92B | $3.59B |
| 3 | SMH | VanEck Semiconductor ETF | $1.69B | $256M | $1.43B |
| 4 | IWM | iShares Russell 2000 ETF | $769M | $168M | $601M |
| 5 | SOXL | Direxion Daily Semiconductor Bull 3X | $625M | $186M | $440M |
| 6 | SOXX | iShares Semiconductor ETF | $307M | $31M | $275M |
| 7 | GLD | SPDR Gold Shares | $272M | $102M | $170M |
| 8 | TQQQ | ProShares UltraPro QQQ | $257M | $116M | $140M |
| 9 | SLV | iShares Silver Trust | $218M | $30M | $188M |
| 10 | IBIT | iShares Bitcoin Trust ETF | $120M | $59M | $61M |
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.