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 July 23rd, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | TSLA | Tesla Inc | $5.04B | $1.18B | $3.86B |
| 2 | MU | Micron Technology Inc | $2.09B | $1.23B | $853M |
| 3 | SNDK | Sandisk Corp | $1.54B | $670M | $872M |
| 4 | GOOGL | Alphabet Inc | $1.11B | $384M | $728M |
| 5 | NVDA | NVIDIA Corp | $845M | $559M | $286M |
| 6 | AMZN | Amazon.com Inc | $758M | $345M | $413M |
| 7 | META | Meta Platforms Inc | $742M | $386M | $356M |
| 8 | GOOG | Alphabet Inc | $623M | $216M | $407M |
| 9 | AMD | Advanced Micro Devices | $574M | $389M | $185M |
| 10 | SPCX | Space Exploration Technologies Corp. | $553M | $184M | $369M |
| 11 | NFLX | Netflix Inc | $465M | $64M | $401M |
| 12 | MSFT | Microsoft Corp | $387M | $253M | $133M |
| 13 | ORCL | Oracle Corp | $387M | $102M | $285M |
| 14 | INTC | Intel Corp | $328M | $203M | $125M |
| 15 | AAPL | Apple Inc | $307M | $193M | $114M |
| 16 | MSTR | Strategy Inc | $248M | $75M | $173M |
| 17 | LULU | lululemon athletica inc. | $245M | $3M | $242M |
| 18 | PLTR | Palantir Technologies Inc | $175M | $89M | $86M |
| 19 | BE | Bloom Energy Corporation | $170M | $91M | $80M |
| 20 | NBIS | Nebius Group N.V. | $170M | $100M | $70M |
| 21 | IBM | IBM Corp | $167M | $40M | $128M |
| 22 | NOW | ServiceNow Inc | $153M | $71M | $82M |
| 23 | AVGO | Broadcom Inc | $124M | $76M | $48M |
| 24 | LITE | Lumentum Holdings Inc. | $122M | $61M | $61M |
| 25 | MRVL | Marvell Technology Inc | $121M | $72M | $48M |
Top 10 ETFs by Option Premium
Index and sector ETFs with the most active options markets. Data as of July 23rd, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco QQQ Trust | $2.87B | $1.21B | $1.66B |
| 2 | SPY | SPDR S&P 500 ETF | $2.63B | $1.01B | $1.62B |
| 3 | GLD | SPDR Gold Shares | $618M | $90M | $528M |
| 4 | IWM | iShares Russell 2000 ETF | $364M | $73M | $291M |
| 5 | USO | United States Oil Fund | $253M | $184M | $69M |
| 6 | SOXL | Direxion Daily Semiconductor Bull 3X | $212M | $70M | $142M |
| 7 | SMH | VanEck Semiconductor ETF | $184M | $58M | $126M |
| 8 | SLV | iShares Silver Trust | $101M | $43M | $58M |
| 9 | TQQQ | ProShares UltraPro QQQ | $100M | $56M | $44M |
| 10 | SOXX | iShares Semiconductor ETF | $74M | $27M | $47M |
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.