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 May 13th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | $4.11B | $2.50B | $1.61B |
| 2 | TSLA | Tesla Inc | $3.00B | $2.30B | $706M |
| 3 | NVDA | NVIDIA Corp | $2.65B | $2.22B | $430M |
| 4 | AMD | Advanced Micro Devices | $782M | $617M | $165M |
| 5 | SNDK | Sandisk Corp | $733M | $491M | $242M |
| 6 | AAPL | Apple Inc | $577M | $497M | $80M |
| 7 | NBIS | Nebius Group N.V. | $477M | $396M | $80M |
| 8 | INTC | Intel Corp | $433M | $326M | $106M |
| 9 | GOOGL | Alphabet Inc | $421M | $360M | $61M |
| 10 | AMZN | Amazon.com Inc | $372M | $325M | $46M |
| 11 | META | Meta Platforms Inc | $366M | $284M | $82M |
| 12 | MSFT | Microsoft Corp | $350M | $172M | $177M |
| 13 | GOOG | Alphabet Inc | $306M | $264M | $43M |
| 14 | PLTR | Palantir Technologies Inc | $257M | $171M | $86M |
| 15 | UNH | UnitedHealth Group Inc | $245M | $223M | $22M |
| 16 | TSM | Taiwan Semiconductor Manufacturing | $214M | $161M | $53M |
| 17 | AVGO | Broadcom Inc | $209M | $128M | $81M |
| 18 | MRVL | Marvell Technology Inc | $203M | $164M | $40M |
| 19 | RKLB | Rocket Lab Corporation | $198M | $160M | $38M |
| 20 | BABA | Alibaba Group Holding Limited | $198M | $173M | $25M |
| 21 | AAOI | Applied Optoelectronics, Inc. | $167M | $136M | $31M |
| 22 | QCOM | Qualcomm Inc | $157M | $115M | $42M |
| 23 | COHR | Coherent Corp. | $154M | $110M | $45M |
| 24 | FANG | Diamondback Energy, Inc. | $136M | $136M | $458K |
| 25 | LITE | Lumentum Holdings Inc. | $136M | $97M | $39M |
Top 10 ETFs by Option Premium
Index and sector ETFs with the most active options markets. Data as of May 13th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | SPY | SPDR S&P 500 ETF | $2.41B | $1.60B | $812M |
| 2 | QQQ | Invesco QQQ Trust | $2.18B | $1.42B | $759M |
| 3 | SLV | iShares Silver Trust | $340M | $292M | $48M |
| 4 | SMH | VanEck Semiconductor ETF | $311M | $201M | $110M |
| 5 | IWM | iShares Russell 2000 ETF | $251M | $95M | $156M |
| 6 | SOXL | Direxion Daily Semiconductor Bull 3X | $244M | $163M | $80M |
| 7 | GLD | SPDR Gold Shares | $149M | $120M | $28M |
| 8 | USO | United States Oil Fund | $136M | $107M | $28M |
| 9 | TQQQ | ProShares UltraPro QQQ | $130M | $112M | $18M |
| 10 | TLT | iShares 20+ Year Treasury Bond ETF | $92M | $55M | $37M |
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.