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 June 23rd, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | $4.05B | $2.61B | $1.44B |
| 2 | TSLA | Tesla Inc | $1.74B | $725M | $1.01B |
| 3 | SNDK | Sandisk Corp | $1.72B | $1.03B | $687M |
| 4 | NVDA | NVIDIA Corp | $906M | $574M | $332M |
| 5 | INTC | Intel Corp | $827M | $734M | $94M |
| 6 | SPCX | Space Exploration Technologies Corp. | $785M | $333M | $452M |
| 7 | AMD | Advanced Micro Devices | $667M | $448M | $219M |
| 8 | AMZN | Amazon.com Inc | $451M | $227M | $224M |
| 9 | META | Meta Platforms Inc | $437M | $269M | $167M |
| 10 | MRVL | Marvell Technology Inc | $351M | $228M | $123M |
| 11 | MSFT | Microsoft Corp | $340M | $222M | $118M |
| 12 | NBIS | Nebius Group N.V. | $268M | $169M | $100M |
| 13 | DRAM | Roundhill Memory ETF | $266M | $169M | $97M |
| 14 | GOOGL | Alphabet Inc | $248M | $157M | $91M |
| 15 | AVGO | Broadcom Inc | $241M | $129M | $113M |
| 16 | AAPL | Apple Inc | $227M | $140M | $87M |
| 17 | PLTR | Palantir Technologies Inc | $211M | $110M | $102M |
| 18 | MSTR | Strategy Inc | $196M | $51M | $145M |
| 19 | EWY | iShares MSCI South Korea ETF | $195M | $83M | $111M |
| 20 | TSM | Taiwan Semiconductor Manufacturing | $187M | $127M | $60M |
| 21 | AMAT | Applied Materials Inc | $181M | $113M | $68M |
| 22 | ASTS | AST SpaceMobile, Inc. | $167M | $102M | $65M |
| 23 | WDC | Western Digital Corp. | $161M | $100M | $61M |
| 24 | ORCL | Oracle Corp | $146M | $52M | $94M |
| 25 | GOOG | Alphabet Inc | $142M | $93M | $50M |
Top 10 ETFs by Option Premium
Index and sector ETFs with the most active options markets. Data as of June 23rd, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco QQQ Trust | $3.08B | $1.36B | $1.72B |
| 2 | SPY | SPDR S&P 500 ETF | $2.49B | $1.05B | $1.45B |
| 3 | SMH | VanEck Semiconductor ETF | $871M | $294M | $577M |
| 4 | SOXL | Direxion Daily Semiconductor Bull 3X | $455M | $285M | $170M |
| 5 | IWM | iShares Russell 2000 ETF | $362M | $117M | $245M |
| 6 | GLD | SPDR Gold Shares | $168M | $49M | $120M |
| 7 | SOXX | iShares Semiconductor ETF | $148M | $37M | $111M |
| 8 | TQQQ | ProShares UltraPro QQQ | $113M | $72M | $41M |
| 9 | SLV | iShares Silver Trust | $112M | $62M | $50M |
| 10 | USO | United States Oil Fund | $94M | $14M | $80M |
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.