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 August 13th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | SNDK | Sandisk Corp | $3.24B | $1.75B | $1.49B |
| 2 | MU | Micron Technology Inc | $2.37B | $1.54B | $833M |
| 3 | TSLA | Tesla Inc | $1.10B | $584M | $517M |
| 4 | NVDA | NVIDIA Corp | $1.06B | $764M | $297M |
| 5 | NBIS | Nebius Group N.V. | $593M | $382M | $212M |
| 6 | META | Meta Platforms Inc | $555M | $314M | $240M |
| 7 | SPCX | Space Exploration Technologies Corp. | $544M | $341M | $203M |
| 8 | INTC | Intel Corp | $462M | $323M | $139M |
| 9 | AMD | Advanced Micro Devices | $426M | $267M | $158M |
| 10 | MSTR | Strategy Inc | $415M | $72M | $344M |
| 11 | AMZN | Amazon.com Inc | $411M | $334M | $78M |
| 12 | MSFT | Microsoft Corp | $391M | $291M | $100M |
| 13 | APP | AppLovin Corp | $340M | $41M | $299M |
| 14 | AAPL | Apple Inc | $339M | $199M | $141M |
| 15 | PLTR | Palantir Technologies Inc | $308M | $236M | $71M |
| 16 | LLY | Eli Lilly and Co | $307M | $291M | $16M |
| 17 | NFLX | Netflix Inc | $303M | $112M | $191M |
| 18 | GOOGL | Alphabet Inc | $263M | $158M | $104M |
| 19 | CRWV | CoreWeave, Inc. | $262M | $195M | $67M |
| 20 | DELL | Dell Technologies Inc. | $256M | $185M | $71M |
| 21 | ORCL | Oracle Corp | $244M | $157M | $87M |
| 22 | RTX | RTX Corp | $240M | $239M | $812K |
| 23 | AMAT | Applied Materials Inc | $238M | $150M | $88M |
| 24 | LULU | lululemon athletica inc. | $218M | $4M | $215M |
| 25 | SMCI | Super Micro Computer Inc | $218M | $192M | $26M |
Top 10 ETFs by Option Premium
Index and sector ETFs with the most active options markets. Data as of August 13th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco QQQ Trust | $1.87B | $1.19B | $683M |
| 2 | SPY | SPDR S&P 500 ETF | $1.79B | $892M | $894M |
| 3 | GLD | SPDR Gold Shares | $321M | $178M | $143M |
| 4 | SOXL | Direxion Daily Semiconductor Bull 3X | $247M | $118M | $129M |
| 5 | IWM | iShares Russell 2000 ETF | $206M | $106M | $100M |
| 6 | TLT | iShares 20+ Year Treasury Bond ETF | $155M | $124M | $32M |
| 7 | SMH | VanEck Semiconductor ETF | $144M | $91M | $53M |
| 8 | USO | United States Oil Fund | $104M | $92M | $12M |
| 9 | IBIT | iShares Bitcoin Trust ETF | $83M | $26M | $58M |
| 10 | SLV | iShares Silver Trust | $83M | $48M | $36M |
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.