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 April 20th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | TSLA | Tesla Inc | $1.87B | $1.08B | $794M |
| 2 | NVDA | NVIDIA Corp | $1.58B | $1.31B | $271M |
| 3 | MU | Micron Technology Inc | $703M | $434M | $269M |
| 4 | META | Meta Platforms Inc | $694M | $535M | $159M |
| 5 | SNDK | Sandisk Corp | $476M | $299M | $176M |
| 6 | TSM | Taiwan Semiconductor Manufacturing | $435M | $387M | $48M |
| 7 | MSTR | Strategy Inc | $432M | $369M | $63M |
| 8 | AMD | Advanced Micro Devices | $422M | $307M | $115M |
| 9 | CAR | Avis Budget Group, Inc. | $405M | $213M | $192M |
| 10 | MSFT | Microsoft Corp | $396M | $293M | $103M |
| 11 | AMZN | Amazon.com Inc | $384M | $275M | $109M |
| 12 | AAPL | Apple Inc | $361M | $284M | $78M |
| 13 | AVGO | Broadcom Inc | $285M | $187M | $99M |
| 14 | MRVL | Marvell Technology Inc | $248M | $187M | $61M |
| 15 | DELL | Dell Technologies Inc. | $227M | $219M | $8M |
| 16 | ASTS | AST SpaceMobile, Inc. | $218M | $152M | $66M |
| 17 | GOOGL | Alphabet Inc | $206M | $152M | $55M |
| 18 | NFLX | Netflix Inc | $185M | $109M | $76M |
| 19 | INTC | Intel Corp | $185M | $131M | $53M |
| 20 | CRWV | CoreWeave, Inc. | $164M | $117M | $46M |
| 21 | PLTR | Palantir Technologies Inc | $161M | $91M | $70M |
| 22 | COIN | Coinbase Global Inc | $153M | $122M | $31M |
| 23 | GOOG | Alphabet Inc | $137M | $109M | $28M |
| 24 | ORCL | Oracle Corp | $128M | $92M | $36M |
| 25 | UNH | UnitedHealth Group Inc | $123M | $78M | $45M |
Top 10 ETFs by Option Premium
Index and sector ETFs with the most active options markets. Data as of April 20th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | SPY | SPDR S&P 500 ETF | $1.87B | $889M | $976M |
| 2 | QQQ | Invesco QQQ Trust | $1.40B | $811M | $588M |
| 3 | IWM | iShares Russell 2000 ETF | $297M | $152M | $144M |
| 4 | GLD | SPDR Gold Shares | $198M | $146M | $52M |
| 5 | USO | United States Oil Fund | $158M | $69M | $89M |
| 6 | SOXL | Direxion Daily Semiconductor Bull 3X | $113M | $80M | $33M |
| 7 | SLV | iShares Silver Trust | $97M | $68M | $29M |
| 8 | SMH | VanEck Semiconductor ETF | $76M | $35M | $41M |
| 9 | IBIT | iShares Bitcoin Trust ETF | $73M | $48M | $25M |
| 10 | TQQQ | ProShares UltraPro QQQ | $72M | $56M | $16M |
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.