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 10th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft Corp | $2.08B | $615M | $1.46B |
| 2 | TSLA | Tesla Inc | $2.01B | $893M | $1.12B |
| 3 | NVDA | NVIDIA Corp | $946M | $556M | $390M |
| 4 | NVS | Novartis AG | $894M | $886M | $8M |
| 5 | MU | Micron Technology Inc | $864M | $613M | $251M |
| 6 | AVGO | Broadcom Inc | $538M | $445M | $93M |
| 7 | MSTR | Strategy Inc | $497M | $90M | $407M |
| 8 | ZS | Zscaler Inc | $482M | $3M | $479M |
| 9 | AMD | Advanced Micro Devices | $473M | $179M | $294M |
| 10 | PLTR | Palantir Technologies Inc | $434M | $113M | $321M |
| 11 | SNDK | Sandisk Corp | $417M | $303M | $114M |
| 12 | ORCL | Oracle Corp | $323M | $189M | $134M |
| 13 | COIN | Coinbase Global Inc | $315M | $48M | $267M |
| 14 | INTU | Intuit Inc | $313M | $8M | $305M |
| 15 | META | Meta Platforms Inc | $312M | $212M | $100M |
| 16 | AMZN | Amazon.com Inc | $236M | $124M | $112M |
| 17 | AAPL | Apple Inc | $187M | $127M | $61M |
| 18 | CRCL | Circle Internet Group, Inc. | $183M | $155M | $28M |
| 19 | GOOGL | Alphabet Inc | $181M | $122M | $59M |
| 20 | MCK | McKesson Corporation | $155M | $154M | $518K |
| 21 | APP | AppLovin Corp | $122M | $79M | $43M |
| 22 | GS | Goldman Sachs Group Inc | $117M | $40M | $77M |
| 23 | LITE | Lumentum Holdings Inc. | $116M | $89M | $27M |
| 24 | GOOG | Alphabet Inc | $113M | $83M | $31M |
| 25 | TSM | Taiwan Semiconductor Manufacturing | $110M | $62M | $48M |
Top 10 ETFs by Option Premium
Index and sector ETFs with the most active options markets. Data as of March 10th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | SPY | SPDR S&P 500 ETF | $2.76B | $1.08B | $1.67B |
| 2 | QQQ | Invesco QQQ Trust | $1.41B | $639M | $772M |
| 3 | IWM | iShares Russell 2000 ETF | $495M | $145M | $349M |
| 4 | USO | United States Oil Fund | $318M | $177M | $141M |
| 5 | GLD | SPDR Gold Shares | $313M | $242M | $70M |
| 6 | SLV | iShares Silver Trust | $299M | $233M | $66M |
| 7 | SMH | VanEck Semiconductor ETF | $108M | $42M | $65M |
| 8 | SOXL | Direxion Daily Semiconductor Bull 3X | $67M | $48M | $19M |
| 9 | IBIT | iShares Bitcoin Trust ETF | $66M | $42M | $24M |
| 10 | DIA | SPDR Dow Jones Industrial Average ETF | $55M | $14M | $41M |
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.