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 March 12th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft Corp | $3.83B | $130M | $3.70B |
| 2 | TSLA | Tesla Inc | $2.60B | $766M | $1.83B |
| 3 | AU | AngloGold Ashanti plc | $2.42B | $2.42B | $381K |
| 4 | ORCL | Oracle Corp | $1.94B | $91M | $1.85B |
| 5 | ZS | Zscaler Inc | $1.39B | $2M | $1.39B |
| 6 | MSTR | Strategy Inc | $1.24B | $62M | $1.18B |
| 7 | HSBC | HSBC Holdings PLC | $1.09B | $1.09B | $432K |
| 8 | INTU | Intuit Inc | $964M | $6M | $959M |
| 9 | NVDA | NVIDIA Corp | $872M | $401M | $471M |
| 10 | PLTR | Palantir Technologies Inc | $840M | $150M | $691M |
| 11 | GS | Goldman Sachs Group Inc | $741M | $99M | $642M |
| 12 | COIN | Coinbase Global Inc | $660M | $50M | $610M |
| 13 | MU | Micron Technology Inc | $635M | $447M | $187M |
| 14 | AMZN | Amazon.com Inc | $630M | $114M | $516M |
| 15 | ALB | Albemarle Corporation | $523M | $520M | $3M |
| 16 | GFI | Gold Fields Ltd ADR | $516M | $516M | $94K |
| 17 | AAPL | Apple Inc | $462M | $128M | $333M |
| 18 | META | Meta Platforms Inc | $402M | $207M | $195M |
| 19 | GILD | Gilead Sciences Inc | $373M | $372M | $887K |
| 20 | AMD | Advanced Micro Devices | $338M | $98M | $240M |
| 21 | BX | Blackstone Inc. | $321M | $6M | $314M |
| 22 | UNH | UnitedHealth Group Inc | $319M | $24M | $295M |
| 23 | TSM | Taiwan Semiconductor Manufacturing | $317M | $108M | $209M |
| 24 | CVNA | Carvana Co | $313M | $20M | $293M |
| 25 | GOOGL | Alphabet Inc | $299M | $86M | $213M |
Top 10 ETFs by Option Premium
Index and sector ETFs with the most active options markets. Data as of March 12th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | SPY | SPDR S&P 500 ETF | $3.46B | $1.35B | $2.11B |
| 2 | QQQ | Invesco QQQ Trust | $2.06B | $727M | $1.34B |
| 3 | IWM | iShares Russell 2000 ETF | $759M | $131M | $628M |
| 4 | USO | United States Oil Fund | $479M | $365M | $114M |
| 5 | GLD | SPDR Gold Shares | $477M | $354M | $123M |
| 6 | SLV | iShares Silver Trust | $159M | $105M | $54M |
| 7 | SMH | VanEck Semiconductor ETF | $145M | $29M | $116M |
| 8 | IBIT | iShares Bitcoin Trust ETF | $101M | $29M | $72M |
| 9 | XLF | Financial Select Sector SPDR | $71M | $17M | $54M |
| 10 | TLT | iShares 20+ Year Treasury Bond ETF | $68M | $27M | $40M |
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.