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 June 3rd, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | $2.47B | $1.91B | $554M |
| 2 | NVDA | NVIDIA Corp | $1.97B | $1.65B | $327M |
| 3 | TSLA | Tesla Inc | $1.53B | $1.06B | $468M |
| 4 | QCOM | Qualcomm Inc | $1.40B | $1.36B | $40M |
| 5 | SNDK | Sandisk Corp | $1.32B | $758M | $560M |
| 6 | MRVL | Marvell Technology Inc | $1.21B | $974M | $239M |
| 7 | AMD | Advanced Micro Devices | $989M | $765M | $224M |
| 8 | AVGO | Broadcom Inc | $982M | $774M | $207M |
| 9 | META | Meta Platforms Inc | $644M | $534M | $110M |
| 10 | AAPL | Apple Inc | $637M | $521M | $115M |
| 11 | GOOGL | Alphabet Inc | $602M | $469M | $133M |
| 12 | MSFT | Microsoft Corp | $545M | $406M | $139M |
| 13 | INTC | Intel Corp | $491M | $424M | $67M |
| 14 | AMZN | Amazon.com Inc | $478M | $340M | $137M |
| 15 | ORCL | Oracle Corp | $327M | $251M | $76M |
| 16 | MSTR | Strategy Inc | $296M | $85M | $212M |
| 17 | GOOG | Alphabet Inc | $239M | $163M | $76M |
| 18 | PLTR | Palantir Technologies Inc | $237M | $158M | $78M |
| 19 | ARM | Arm Holdings plc | $216M | $152M | $65M |
| 20 | CRWD | CrowdStrike Holdings Inc | $186M | $126M | $60M |
| 21 | IBM | IBM Corp | $185M | $148M | $37M |
| 22 | TSM | Taiwan Semiconductor Manufacturing | $184M | $120M | $64M |
| 23 | DELL | Dell Technologies Inc. | $182M | $134M | $48M |
| 24 | NBIS | Nebius Group N.V. | $176M | $125M | $51M |
| 25 | LITE | Lumentum Holdings Inc. | $169M | $106M | $63M |
Top 10 ETFs by Option Premium
Index and sector ETFs with the most active options markets. Data as of June 3rd, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | SPY | SPDR S&P 500 ETF | $1.86B | $969M | $889M |
| 2 | QQQ | Invesco QQQ Trust | $1.79B | $966M | $823M |
| 3 | SOXL | Direxion Daily Semiconductor Bull 3X | $392M | $330M | $62M |
| 4 | SMH | VanEck Semiconductor ETF | $339M | $134M | $205M |
| 5 | IWM | iShares Russell 2000 ETF | $260M | $96M | $164M |
| 6 | GLD | SPDR Gold Shares | $170M | $88M | $83M |
| 7 | IBIT | iShares Bitcoin Trust ETF | $139M | $54M | $84M |
| 8 | SOXX | iShares Semiconductor ETF | $119M | $64M | $55M |
| 9 | SLV | iShares Silver Trust | $72M | $51M | $21M |
| 10 | USO | United States Oil Fund | $71M | $49M | $23M |
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.