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 February 18th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | TSLA | Tesla Inc | $2.06B | $832M | $1.23B |
| 2 | AMAT | Applied Materials Inc | $1.21B | $1.20B | $7M |
| 3 | INTU | Intuit Inc | $1.09B | $12M | $1.08B |
| 4 | META | Meta Platforms Inc | $773M | $232M | $542M |
| 5 | APP | AppLovin Corp | $741M | $55M | $687M |
| 6 | NVDA | NVIDIA Corp | $691M | $513M | $178M |
| 7 | MU | Micron Technology Inc | $669M | $496M | $173M |
| 8 | AMZN | Amazon.com Inc | $620M | $248M | $372M |
| 9 | COIN | Coinbase Global Inc | $574M | $48M | $526M |
| 10 | MSTR | Strategy Inc | $519M | $52M | $466M |
| 11 | MSFT | Microsoft Corp | $513M | $385M | $128M |
| 12 | ORCL | Oracle Corp | $431M | $39M | $392M |
| 13 | PLTR | Palantir Technologies Inc | $427M | $162M | $265M |
| 14 | SNDK | Sandisk Corp | $359M | $283M | $76M |
| 15 | AMD | Advanced Micro Devices | $297M | $134M | $164M |
| 16 | GOOGL | Alphabet Inc | $295M | $121M | $174M |
| 17 | AVGO | Broadcom Inc | $246M | $100M | $146M |
| 18 | ADBE | Adobe Inc | $232M | $9M | $224M |
| 19 | CRM | Salesforce Inc | $224M | $14M | $210M |
| 20 | DHT | DHT HOLDINGS, INC. | $213M | $213M | $61K |
| 21 | AAPL | Apple Inc | $195M | $118M | $77M |
| 22 | TSM | Taiwan Semiconductor Manufacturing | $177M | $147M | $30M |
| 23 | CVNA | Carvana Co | $176M | $94M | $81M |
| 24 | NOW | ServiceNow Inc | $168M | $17M | $152M |
| 25 | NFLX | Netflix Inc | $162M | $40M | $123M |
Top 10 ETFs by Option Premium
Index and sector ETFs with the most active options markets. Data as of February 18th, 2026.
| Rank | Ticker | Name | Total Premium | Call Premium | Put Premium |
|---|---|---|---|---|---|
| 1 | SPY | SPDR S&P 500 ETF | $1.74B | $729M | $1.01B |
| 2 | QQQ | Invesco QQQ Trust | $1.65B | $713M | $938M |
| 3 | GLD | SPDR Gold Shares | $484M | $409M | $75M |
| 4 | IWM | iShares Russell 2000 ETF | $331M | $101M | $230M |
| 5 | SLV | iShares Silver Trust | $254M | $179M | $75M |
| 6 | SMH | VanEck Semiconductor ETF | $102M | $41M | $61M |
| 7 | IBIT | iShares Bitcoin Trust ETF | $77M | $35M | $42M |
| 8 | ARKK | ARK Innovation ETF | $45M | $19M | $26M |
| 9 | SOXL | Direxion Daily Semiconductor Bull 3X | $40M | $27M | $13M |
| 10 | TQQQ | ProShares UltraPro QQQ | $36M | $22M | $14M |
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.