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 9th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | $3.02B | $1.52B | $1.50B |
| 2 | SNDK | Sandisk Corp | $1.76B | $1.12B | $638M |
| 3 | TSLA | Tesla Inc | $1.30B | $886M | $415M |
| 4 | AMD | Advanced Micro Devices | $932M | $665M | $267M |
| 5 | META | Meta Platforms Inc | $916M | $755M | $162M |
| 6 | NVDA | NVIDIA Corp | $868M | $610M | $258M |
| 7 | INTC | Intel Corp | $678M | $607M | $72M |
| 8 | MSFT | Microsoft Corp | $402M | $172M | $230M |
| 9 | AAPL | Apple Inc | $385M | $303M | $81M |
| 10 | AVGO | Broadcom Inc | $370M | $264M | $105M |
| 11 | AMZN | Amazon.com Inc | $341M | $244M | $97M |
| 12 | SPCX | Space Exploration Technologies Corp. | $273M | $119M | $153M |
| 13 | ORCL | Oracle Corp | $228M | $163M | $66M |
| 14 | NBIS | Nebius Group N.V. | $227M | $138M | $89M |
| 15 | MRVL | Marvell Technology Inc | $209M | $135M | $74M |
| 16 | DELL | Dell Technologies Inc. | $201M | $142M | $59M |
| 17 | GOOGL | Alphabet Inc | $198M | $140M | $58M |
| 18 | TSM | Taiwan Semiconductor Manufacturing | $189M | $127M | $63M |
| 19 | PLTR | Palantir Technologies Inc | $161M | $109M | $52M |
| 20 | MSTR | Strategy Inc | $157M | $60M | $98M |
| 21 | AMAT | Applied Materials Inc | $144M | $96M | $48M |
| 22 | WDC | Western Digital Corp. | $139M | $86M | $53M |
| 23 | BE | Bloom Energy Corporation | $131M | $73M | $57M |
| 24 | GOOG | Alphabet Inc | $124M | $84M | $40M |
| 25 | HOOD | Robinhood Markets Inc | $124M | $106M | $17M |
Top 10 ETFs by Option Premium
Index and sector ETFs with the most active options markets. Data as of July 9th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco QQQ Trust | $1.87B | $1.00B | $864M |
| 2 | SPY | SPDR S&P 500 ETF | $1.60B | $889M | $706M |
| 3 | GLD | SPDR Gold Shares | $483M | $34M | $449M |
| 4 | SMH | VanEck Semiconductor ETF | $368M | $141M | $227M |
| 5 | SOXL | Direxion Daily Semiconductor Bull 3X | $341M | $160M | $181M |
| 6 | SLV | iShares Silver Trust | $325M | $87M | $238M |
| 7 | IWM | iShares Russell 2000 ETF | $231M | $101M | $130M |
| 8 | SOXX | iShares Semiconductor ETF | $128M | $41M | $87M |
| 9 | TQQQ | ProShares UltraPro QQQ | $65M | $44M | $21M |
| 10 | TLT | iShares 20+ Year Treasury Bond ETF | $64M | $43M | $20M |
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.