OptionsSession of Oct 20, 2026 · 2,860 symbols

Most Active Options

The options that traded most in US stocks and ETFs on Oct 20, 2026: by contracts, by premium and by money spent on out-of-the-money options, then the busiest contracts, the furthest out-of-the-money calls and puts that traded in size, and contracts traded far above their open interest. Volume says how much traded, never which side started it.

Sources, methodology & freshnessDaily option chains for about 2,900 US stocks and ETFs (day volume, volume-weighted price, start-of-day open interest); closing prices · Daily after the closeData as of 2026-10-20 · Open ↓

Source

Daily option chains for about 2,900 US stocks and ETFs (day volume, volume-weighted price, start-of-day open interest); closing prices

Methodology

Premium = contracts × volume-weighted price × 100; out of the money at the close; same-day = expiring that session; averages over up to 20 prior sessions

Updates

Daily after the closeData as of 2026-10-20

Maintained & reviewed by Yuriy Matso — methodology shown on the page.

Most Active Options2026-10-20

Most contracts

SPY

12.4M contracts

Most premium

SNDK

$3.1B

Busiest stock

NVDA

1.92M contracts

Whole market

59.7M

$42.1B · 28% same-day

Furthest out-of-the-money call traded in size: CIFR Jun 16 '28 45 call, 407% above the stock, 10,007 contracts for $783K.

Contracts and premium traded, buyers and sellers not told apart. Built after the close. Descriptions, not advice.

The whole options market

On Oct 20, 2026, 59,650,460 contracts traded across 2,860 symbols, $42.1B of premium, with puts at 0.86 for every call. 28% of the contracts expired the same day, and 30% of the premium was spent on options that were out of the money at the close.

Session	Contracts	Put/call	Same-day	Premium	Out-of-the-money premium
Oct 20, 2026	59.7M	0.86	28%	$42.1B	$12.4B
Oct 19, 2026	65.0M	0.91	35%	$43.4B	$13.0B
Oct 16, 2026	87.9M	0.96	43%	$53.4B	$16.4B
Oct 15, 2026	80.6M	0.88	20%	$57.8B	$16.3B
Oct 14, 2026	78.0M	0.92	30%	$48.4B	$15.2B
Oct 13, 2026	60.5M	0.85	24%	$44.7B	$13.1B

The record starts Oct 13, 2026; it grows by one session a day.

Most active options by contracts

SPY led with 12,405,446 contracts, 74% of them expiring the same day. Same-day share is the column that separates the index funds' daily expiries from everything else. The last column divides the day by the symbol's average over the prior 5 sessions.

#	Symbol	Price	Contracts	Put/call	Same-day	Premium	OTM premium	vs 5-day avg
1	SPYfund State Street SPDR S&P 500 ETF Trust	$769.05	12.4M	1.08	74%	$2.0B	$871M (43%)	0.9×
2	QQQfund Invesco QQQ Trust, Series 1	$717.63	8.69M	1.16	69%	$2.6B	$1.2B (45%)	0.8×
3	IWMfund iShares Russell 2000 ETF	$275.82	2.34M	1.15	45%	$479M	$238M (50%)	1.1×
4	NVDA Nvidia Corp	$216.47	1.92M	0.61	0%	$907M	$329M (36%)	0.7×
5	EWZfund iShares MSCI Brazil ETF	$42.94	1.68M	0.25	0%	$233M	$182M (78%)	1.8×
6	NFLX NetFlix Inc	$68.69	877K	0.88	0%	$285M	$106M (37%)	2.4×
7	AAPL Apple Inc.	$339.50	821K	0.98	0%	$380M	$111M (29%)	0.5×
8	MU Micron Technology, Inc.	$896.07	819K	0.83	0%	$3.0B	$737M (25%)	0.6×
9	TSLA Tesla, Inc. Common Stock	$373.71	760K	0.72	0%	$1.3B	$384M (29%)	0.3×
10	CRWV CoreWeave, Inc. Class A Common Stock	$62.13	759K	0.70	0%	$312M	$167M (54%)	0.7×
11	TLTfund iShares 20+ Year Treasury Bond ETF	$80.13	647K	0.38	0%	$128M	$36.2M (28%)	0.5×
12	AMZN Amazon.Com Inc	$262.63	640K	0.41	0%	$376M	$179M (48%)	0.7×
13	IBITfund iShares Bitcoin Trust ETF	$46.71	563K	0.49	18%	$67.7M	$26.9M (40%)	1.0×
14	HYGfund iShares iBoxx $ High Yield Corporate Bond ETF	$76.83	560K	4.43	0%	$34.5M	$17.2M (50%)	0.6×
15	INTC Intel Corp	$91.69	517K	0.52	0%	$362M	$154M (43%)	0.5×
16	LQDfund iShares iBoxx $ Investment Grade Corporate Bond ETF	$103.22	485K	2.66	0%	$39.5M	$14.2M (36%)	1.0×
17	AMD Advanced Micro Devices	$534.74	485K	0.87	0%	$965M	$357M (37%)	0.7×
18	IREN IREN Limited Ordinary Shares	$26.62	425K	0.49	0%	$116M	$53.5M (46%)	0.7×
19	HOOD Robinhood Markets, Inc. Class A Common Stock	$98.21	395K	0.39	0%	$144M	$57.1M (40%)	1.1×
20	TQQQfund ProShares UltraPro QQQ	$70.37	361K	0.82	0%	$102M	$47.9M (47%)	0.7×

Most active stock options, funds excluded

The same ranking without ETFs and other funds, which hold most of the top places by contracts. NVDA was the busiest single stock.

#	Symbol	Price	Contracts	Put/call	Same-day	Premium	OTM premium	vs 5-day avg
1	NVDA Nvidia Corp	$216.47	1.92M	0.61	0%	$907M	$329M (36%)	0.7×
2	NFLX NetFlix Inc	$68.69	877K	0.88	0%	$285M	$106M (37%)	2.4×
3	AAPL Apple Inc.	$339.50	821K	0.98	0%	$380M	$111M (29%)	0.5×
4	MU Micron Technology, Inc.	$896.07	819K	0.83	0%	$3.0B	$737M (25%)	0.6×
5	TSLA Tesla, Inc. Common Stock	$373.71	760K	0.72	0%	$1.3B	$384M (29%)	0.3×
6	CRWV CoreWeave, Inc. Class A Common Stock	$62.13	759K	0.70	0%	$312M	$167M (54%)	0.7×
7	AMZN Amazon.Com Inc	$262.63	640K	0.41	0%	$376M	$179M (48%)	0.7×
8	INTC Intel Corp	$91.69	517K	0.52	0%	$362M	$154M (43%)	0.5×
9	AMD Advanced Micro Devices	$534.74	485K	0.87	0%	$965M	$357M (37%)	0.7×
10	IREN IREN Limited Ordinary Shares	$26.62	425K	0.49	0%	$116M	$53.5M (46%)	0.7×
11	HOOD Robinhood Markets, Inc. Class A Common Stock	$98.21	395K	0.39	0%	$144M	$57.1M (40%)	1.1×
12	META Meta Platforms, Inc. Class A Common Stock	$694.25	322K	0.64	0%	$1.7B	$383M (23%)	0.4×
13	GOOGL Alphabet Inc. Class A Common Stock	$340.28	320K	0.58	0%	$421M	$127M (30%)	0.6×
14	MSTR Strategy Inc Common Stock Class A	$142.72	317K	0.87	0%	$374M	$72.3M (19%)	0.7×
15	SMCI Super Micro Computer, Inc. Common Stock	$32.47	297K	0.26	0%	$47.4M	$23.7M (50%)	1.1×
16	AVGO Broadcom Inc. Common Stock	$334.37	295K	0.68	0%	$377M	$140M (37%)	0.7×
17	SOFI SoFi Technologies, Inc. Common Stock	$14.68	283K	0.28	0%	$19.1M	$7.2M (38%)	0.5×
18	MSFT Microsoft Corp	$531.87	267K	0.81	0%	$446M	$108M (24%)	0.6×
19	PLTR Palantir Technologies Inc. Class A Common Stock	$192.60	266K	1.04	0%	$210M	$76.0M (36%)	0.5×
20	GME GameStop Corp. Class A	$26.47	266K	0.20	0%	$30.4M	$11.5M (38%)	0.7×

Most active options by premium

Premium is contracts times the price paid times 100. SNDK led with $3.1B on 153K contracts. In a high-priced stock much of that is deep in-the-money options that trade like the shares; the out-of-the-money column shows how much was not (23% for SNDK).

#	Symbol	Price	Contracts	Put/call	Same-day	Premium	OTM premium	vs 5-day avg
1	SNDK Sandisk Corporation Common Stock	$1365.38	153K	0.84	0%	$3.1B	$709M (23%)	0.9×
2	MU Micron Technology, Inc.	$896.07	819K	0.83	0%	$3.0B	$737M (25%)	0.8×
3	QQQfund Invesco QQQ Trust, Series 1	$717.63	8.69M	1.16	69%	$2.6B	$1.2B (45%)	0.8×
4	SPYfund State Street SPDR S&P 500 ETF Trust	$769.05	12.4M	1.08	74%	$2.0B	$871M (43%)	0.8×
5	META Meta Platforms, Inc. Class A Common Stock	$694.25	322K	0.64	0%	$1.7B	$383M (23%)	0.9×
6	TSLA Tesla, Inc. Common Stock	$373.71	760K	0.72	0%	$1.3B	$384M (29%)	0.9×
7	AMD Advanced Micro Devices	$534.74	485K	0.87	0%	$965M	$357M (37%)	0.8×
8	NVDA Nvidia Corp	$216.47	1.92M	0.61	0%	$907M	$329M (36%)	0.7×
9	ASML ASML Holding NV	$1630.84	29K	1.00	0%	$615M	$104M (17%)	0.9×
10	GLDfund SPDR Gold Trust, SPDR Gold Shares	$377.65	334K	0.65	23%	$558M	$91.4M (16%)	1.2×
11	LULU lululemon athletica inc.	$99.94	55K	2.01	0%	$536M	$5.3M (1%)	1.4×
12	IWMfund iShares Russell 2000 ETF	$275.82	2.34M	1.15	45%	$479M	$238M (50%)	0.9×
13	LITE Lumentum Holdings Inc. Common Stock	$822.51	51K	0.68	0%	$460M	$148M (32%)	0.9×
14	MSFT Microsoft Corp	$531.87	267K	0.81	0%	$446M	$108M (24%)	0.8×
15	GOOGL Alphabet Inc. Class A Common Stock	$340.28	320K	0.58	0%	$421M	$127M (30%)	0.9×
16	GS Goldman Sachs Group Inc.	$884.81	49K	0.99	0%	$418M	$96.7M (23%)	1.0×
17	AAPL Apple Inc.	$339.50	821K	0.98	0%	$380M	$111M (29%)	0.6×
18	AVGO Broadcom Inc. Common Stock	$334.37	295K	0.68	0%	$377M	$140M (37%)	0.8×
19	AMZN Amazon.Com Inc	$262.63	640K	0.41	0%	$376M	$179M (48%)	0.9×
20	MSTR Strategy Inc Common Stock Class A	$142.72	317K	0.87	0%	$374M	$72.3M (19%)	0.8×

Where the out-of-the-money money went

Premium paid for options that were out of the money at the close: money with no intrinsic value behind it, the closer measure of a bet. QQQ led with $1.2B.

#	Symbol	Price	Contracts	Put/call	Same-day	Premium	OTM premium	vs 5-day avg
1	QQQfund Invesco QQQ Trust, Series 1	$717.63	8.69M	1.16	69%	$2.6B	$1.2B (45%)	0.8×
2	SPYfund State Street SPDR S&P 500 ETF Trust	$769.05	12.4M	1.08	74%	$2.0B	$871M (43%)	0.8×
3	MU Micron Technology, Inc.	$896.07	819K	0.83	0%	$3.0B	$737M (25%)	0.8×
4	SNDK Sandisk Corporation Common Stock	$1365.38	153K	0.84	0%	$3.1B	$709M (23%)	0.9×
5	TSLA Tesla, Inc. Common Stock	$373.71	760K	0.72	0%	$1.3B	$384M (29%)	0.9×
6	META Meta Platforms, Inc. Class A Common Stock	$694.25	322K	0.64	0%	$1.7B	$383M (23%)	0.9×
7	AMD Advanced Micro Devices	$534.74	485K	0.87	0%	$965M	$357M (37%)	0.8×
8	NVDA Nvidia Corp	$216.47	1.92M	0.61	0%	$907M	$329M (36%)	0.7×
9	IWMfund iShares Russell 2000 ETF	$275.82	2.34M	1.15	45%	$479M	$238M (50%)	0.9×
10	EWZfund iShares MSCI Brazil ETF	$42.94	1.68M	0.25	0%	$233M	$182M (78%)	1.8×
11	AMZN Amazon.Com Inc	$262.63	640K	0.41	0%	$376M	$179M (48%)	0.9×
12	CRWV CoreWeave, Inc. Class A Common Stock	$62.13	759K	0.70	0%	$312M	$167M (54%)	0.8×
13	INTC Intel Corp	$91.69	517K	0.52	0%	$362M	$154M (43%)	0.8×
14	LITE Lumentum Holdings Inc. Common Stock	$822.51	51K	0.68	0%	$460M	$148M (32%)	0.9×
15	AVGO Broadcom Inc. Common Stock	$334.37	295K	0.68	0%	$377M	$140M (37%)	0.8×
16	GOOGL Alphabet Inc. Class A Common Stock	$340.28	320K	0.58	0%	$421M	$127M (30%)	0.9×
17	SOXXfund iShares Semiconductor ETF	$500.01	119K	1.59	0%	$250M	$121M (49%)	0.9×
18	AAPL Apple Inc.	$339.50	821K	0.98	0%	$380M	$111M (29%)	0.6×
19	MSFT Microsoft Corp	$531.87	267K	0.81	0%	$446M	$108M (24%)	0.8×
20	LLY Eli Lilly & Co.	$1283.66	68K	0.94	0%	$315M	$106M (34%)	1.1×

Most traded option contracts

The busiest single contracts. With same-day expiries in, the list is almost always SPY and QQQ options near the money:

#	Contract	Stock	Moneyness	Contracts	Avg price	Premium	Open interest	Volume ÷ OI
1	SPY Oct 20 770 callfundsame day	$769.05	0.1% out	803,566	$0.65	$52.2M	9,843	81.6×
2	SPY Oct 20 768 putfundsame day	$769.05	0.1% out	696,012	$0.58	$40.6M	4,307	162×
3	SPY Oct 20 769 putfundsame day	$769.05	at	644,957	$0.86	$55.4M	2,967	217×
4	SPY Oct 20 772 callfundsame day	$769.05	0.4% out	626,094	$0.38	$23.6M	5,120	122×
5	SPY Oct 20 769 callfundsame day	$769.05	at	603,576	$0.90	$54.3M	6,051	99.7×
6	SPY Oct 20 771 callfundsame day	$769.05	0.3% out	567,025	$0.50	$28.1M	10,802	52.5×
7	QQQ Oct 20 720 callfundsame day	$717.63	0.3% out	505,833	$0.98	$49.4M	4,678	108×
8	SPY Oct 20 767 putfundsame day	$769.05	0.3% out	499,728	$0.40	$20.1M	4,152	120×
9	QQQ Oct 20 718 putfundsame day	$717.63	at	442,313	$1.11	$49.1M	3,589	123×
10	SPY Oct 20 765 putfundsame day	$769.05	0.5% out	421,026	$0.42	$17.8M	10,247	41.1×
11	SPY Oct 20 773 callfundsame day	$769.05	0.5% out	407,742	$0.28	$11.4M	10,836	37.6×
12	SPY Oct 20 766 putfundsame day	$769.05	0.4% out	392,096	$0.37	$14.3M	6,965	56.3×
13	SPY Oct 20 770 putfundsame day	$769.05	0.1% in	391,568	$1.26	$49.2M	4,056	96.5×
14	QQQ Oct 20 717 putfundsame day	$717.63	0.1% out	372,961	$0.82	$30.5M	4,807	77.6×
15	SPY Oct 20 764 putfundsame day	$769.05	0.7% out	351,212	$0.32	$11.3M	3,954	88.8×
16	QQQ Oct 20 719 putfundsame day	$717.63	0.2% in	345,269	$1.37	$47.2M	8,623	40.0×
17	QQQ Oct 20 719 callfundsame day	$717.63	0.2% out	341,919	$1.21	$41.5M	2,300	149×
18	SPY Oct 20 774 callfundsame day	$769.05	0.6% out	303,516	$0.18	$5.3M	8,312	36.5×
19	QQQ Oct 20 722 callfundsame day	$717.63	0.6% out	291,859	$0.82	$24.0M	3,113	93.8×
20	QQQ Oct 20 715 putfundsame day	$717.63	0.4% out	289,225	$0.65	$18.8M	10,260	28.2×

And the out-of-the-money contracts that took the most premium:

#	Contract	Stock	Moneyness	Contracts	Avg price	Premium	Open interest	Volume ÷ OI
1	SPY Oct 20 769 putfundsame day	$769.05	at	644,957	$0.86	$55.4M	2,967	217×
2	SPY Oct 20 770 callfundsame day	$769.05	0.1% out	803,566	$0.65	$52.2M	9,843	81.6×
3	QQQ Oct 20 720 callfundsame day	$717.63	0.3% out	505,833	$0.98	$49.4M	4,678	108×
4	INTC Jun 16 '28 135 call	$91.69	47% out	23,707	$18.13	$43.0M	21	1129×
5	QQQ Oct 20 719 callfundsame day	$717.63	0.2% out	341,919	$1.21	$41.5M	2,300	149×
6	SPY Oct 20 768 putfundsame day	$769.05	0.1% out	696,012	$0.58	$40.6M	4,307	162×
7	BRK.B Jan 21 '28 540 call	$539.82	at	6,247	$60.48	$37.8M	16,367	0.4×
8	QQQ Oct 20 718 callfundsame day	$717.63	at	256,285	$1.42	$36.4M	1,999	128×
9	BRK.B Jan 21 '28 550 call	$539.82	1.9% out	6,268	$54.52	$34.2M	7,165	0.9×
10	QQQ Dec 18 670 putfund	$717.63	6.6% out	33,550	$9.52	$31.9M	19,467	1.7×
11	QQQ Oct 20 717 putfundsame day	$717.63	0.1% out	372,961	$0.82	$30.5M	4,807	77.6×
12	MU Oct 21 910 call	$896.07	1.6% out	26,344	$11.26	$29.7M	1,557	16.9×
13	MU Oct 21 900 call	$896.07	0.4% out	20,648	$13.84	$28.6M	1,399	14.8×
14	SPY Oct 20 771 callfundsame day	$769.05	0.3% out	567,025	$0.50	$28.1M	10,802	52.5×
15	TSLA Oct 23 375 call	$373.71	0.4% out	23,177	$11.77	$27.3M	6,272	3.7×
16	EWZ Jan 15 '27 45 callfund	$42.94	4.8% out	103,202	$2.37	$24.5M	109,439	0.9×
17	QQQ Oct 20 722 callfundsame day	$717.63	0.6% out	291,859	$0.82	$24.0M	3,113	93.8×
18	QQQ Oct 20 721 callfundsame day	$717.63	0.5% out	273,429	$0.87	$23.8M	3,414	80.1×
19	SPY Oct 20 772 callfundsame day	$769.05	0.4% out	626,094	$0.38	$23.6M	5,120	122×
20	META Jan 21 '28 710 call	$694.25	2.3% out	1,662	$136.30	$22.7M	272	6.1×

Largest call and put volume at one strike, against open interest

The single contracts with the most volume, calls and puts apart, leaving out contracts that expired the same day, each beside its open interest at the start of the day. Volume above open interest means the day's trading was larger than every position outstanding that morning, so most of it opened new positions. The largest call volume was NVDA Oct 21 220 call: 154,483 contracts against 11,749 open, 13.1 times. The largest put volume was NVDA Oct 21 215 put: 99,783 against 4,269, 23.4 times.

call volumeput volumeopen interest at the start of the day

Calls

#	Contract	Stock	Moneyness	Contracts	Avg price	Premium	Open interest	Volume ÷ OI
1	NVDA Oct 21 220 call	$216.47	1.6% out	154,483	$0.73	$11.3M	11,749	13.1×
2	NVDA Oct 21 217.5 call	$216.47	0.5% out	126,836	$1.51	$19.2M	5,283	24.0×
3	EWZ Jan 15 '27 50 callfund	$42.94	16% out	113,345	$0.81	$9.1M	191,224	0.6×
4	EWZ Jan 15 '27 45 callfund	$42.94	4.8% out	103,202	$2.37	$24.5M	109,439	0.9×
5	EWZ Dec 18 51 callfund	$42.94	19% out	102,013	$0.44	$4.5M	71,396	1.4×
6	EWZ Nov 20 48 callfund	$42.94	12% out	99,515	$0.68	$6.8M	86,459	1.2×
7	SPY Oct 21 770 callfund	$769.05	0.1% out	89,638	$2.10	$18.8M	3,580	25.0×
8	EWZ Nov 20 44 callfund	$42.94	2.5% out	70,767	$2.45	$17.4M	120,894	0.6×
9	AAPL Oct 21 342.5 call	$339.50	0.9% out	69,927	$1.43	$10.0M	1,569	44.6×
10	SPY Oct 21 769 callfund	$769.05	at	67,254	$2.37	$15.9M	3,585	18.8×
11	NVDA Oct 21 222.5 call	$216.47	2.8% out	66,489	$0.32	$2.1M	11,857	5.6×
12	CRWV Oct 23 70 call	$62.13	13% out	63,704	$0.54	$3.5M	24,246	2.6×
13	AAPL Oct 21 345 call	$339.50	1.6% out	61,331	$0.75	$4.6M	4,458	13.8×
14	NVDA Oct 21 215 call	$216.47	0.7% in	59,925	$2.32	$13.9M	2,274	26.4×
15	EWZ Oct 30 45 callfund	$42.94	4.8% out	59,403	$1.57	$9.3M	22,550	2.6×
16	SPY Oct 21 771 callfund	$769.05	0.3% out	56,469	$1.76	$10.0M	2,910	19.4×
17	EWZ Nov 20 45 callfund	$42.94	4.8% out	56,230	$1.96	$11.0M	672,411	0.1×
18	AMZN Oct 21 265 call	$262.63	0.9% out	56,069	$1.52	$8.5M	3,802	14.7×
19	NVDA Oct 21 225 call	$216.47	3.9% out	55,964	$0.12	$688K	11,287	5.0×
20	IBIT Oct 30 49 callfund	$46.71	4.9% out	53,982	$0.34	$1.8M	9,869	5.5×

Puts

#	Contract	Stock	Moneyness	Contracts	Avg price	Premium	Open interest	Volume ÷ OI
1	NVDA Oct 21 215 put	$216.47	0.7% out	99,783	$1.34	$13.3M	4,269	23.4×
2	NVDA Oct 21 212.5 put	$216.47	1.8% out	78,954	$1.02	$8.1M	4,908	16.1×
3	HYG Oct 23 77 putfund	$76.83	0.2% in	75,871	$0.17	$1.3M	85,934	0.9×
4	SPY Oct 21 768 putfund	$769.05	0.1% out	66,533	$1.98	$13.2M	3,178	20.9×
5	IWM Nov 20 261 putfund	$275.82	5.4% out	64,239	$2.04	$13.1M	25,921	2.5×
6	AAPL Oct 21 340 put	$339.50	0.1% in	63,848	$1.75	$11.2M	3,550	18.0×
7	EFA Mar 19 '27 75 putfund	$103.69	28% out	59,940	$0.48	$2.9M	2,185	27.4×
8	SPY Oct 21 769 putfund	$769.05	at	59,858	$2.27	$13.6M	2,487	24.1×
9	IWM Nov 20 262 putfund	$275.82	5.0% out	54,111	$2.00	$10.8M	45,262	1.2×
10	EWZ Nov 20 37 putfund	$42.94	14% out	54,078	$1.18	$6.4M	163,265	0.3×
11	XLU Jan 19 '29 25 putfund	$41.88	40% out	52,500	$0.25	$1.3M	27,500	1.9×
12	SPY Oct 21 765 putfund	$769.05	0.5% out	51,768	$1.46	$7.6M	3,461	15.0×
13	XLE Dec 18 60 putfund	$67.97	12% out	51,665	$0.46	$2.4M	56,293	0.9×
14	HYG Jun 17 '27 40 putfund	$76.83	48% out	50,925	$0.10	$508K	50,167	1.0×
15	XLF Dec 15 '28 30 putfund	$55.72	46% out	50,001	$0.55	$2.8M	50,813	1.0×
16	XLP Jan 19 '29 55 putfund	$87.75	37% out	50,000	$0.43	$2.1M	68,750	0.7×
17	IWM Nov 20 258 putfund	$275.82	6.5% out	48,871	$1.83	$8.9M	62,383	0.8×
18	HYG Aug 20 '27 71 putfund	$76.83	7.6% out	46,500	$0.85	$4.0M	46,500	1.0×
19	SPY Oct 21 770 putfund	$769.05	0.1% in	43,657	$2.63	$11.5M	1,541	28.3×
20	HYG Sep 17 '27 70 putfund	$76.83	8.9% out	43,335	$1.00	$4.3M	72,944	0.6×

Furthest out-of-the-money calls and puts traded in size

Contracts with at least 1,000 contracts and $100K of premium, ranked by how far the strike sat from the close. A far out-of-the-money call is a cheap bet on a large rise, or the sold half of a spread; the daily data cannot tell them apart. The furthest call was CIFR Jun 16 '28 45 call, 407% above the stock.

Calls

#	Contract	Stock	Out of the money	Contracts	Avg price	Premium	Open interest	Volume ÷ OI
1	CIFR Jun 16 '28 45 call	$8.88	407% out	10,007	$0.78	$783K	989	10.1×
2	BMNR Jan 21 '28 95 call	$22.82	316% out	1,217	$1.11	$135K	39,931	0.0×
3	IREN Sep 15 '28 110 call	$26.62	313% out	1,338	$3.88	$519K	23,526	0.1×
4	CIFR Jan 19 '29 35 call	$8.88	294% out	1,104	$1.58	$174K	18,385	0.1×
5	MLTX Jan 21 '28 40 call	$10.32	288% out	1,000	$1.30	$130K	44	22.7×
6	SMCI Jan 21 '28 105 call	$32.47	223% out	3,472	$2.14	$744K	11,217	0.3×
7	CRWV Jun 16 '28 200 call	$62.13	222% out	1,145	$5.73	$656K	6,118	0.2×
8	CRWV Dec 15 '28 200 call	$62.13	222% out	1,597	$8.56	$1.4M	23,699	0.1×
9	WULF Jan 21 '28 37 call	$12.01	208% out	1,461	$0.80	$117K	3,774	0.4×
10	CORZ Dec 17 '27 40 call	$13.79	190% out	3,082	$0.90	$277K	3,206	1.0×
11	CIFR Jan 21 '28 25 call	$8.88	182% out	2,298	$1.30	$298K	36,873	0.1×
12	COIN Jun 16 '28 470 call	$170.85	175% out	1,126	$16.98	$1.9M	1,126	1.0×
13	CORZ Jan 21 '28 37 call	$13.79	168% out	1,000	$1.09	$110K	15,494	0.1×
14	NFLX Dec 15 '28 180 call	$68.69	162% out	2,095	$2.02	$424K	5,777	0.4×
15	ON Jan 21 '28 185 call	$75.62	145% out	1,371	$2.54	$348K	1,370	1.0×
16	OPEN Dec 17 '27 5 call	$2.06	143% out	10,414	$0.39	$405K	7,821	1.3×
17	CRWV Jan 21 '28 150 call	$62.13	141% out	10,149	$6.77	$6.9M	30,780	0.3×
18	NN Dec 18 23 call	$9.61	139% out	7,169	$0.30	$215K	9,807	0.7×
19	NN Mar 19 '27 23 call	$9.61	139% out	7,350	$0.77	$568K	7,352	1.0×
20	DGXX Mar 19 '27 6 call	$2.54	136% out	10,585	$0.15	$158K	10,205	1.0×

Puts

#	Contract	Stock	Out of the money	Contracts	Avg price	Premium	Open interest	Volume ÷ OI
1	SOXS Jan 15 '27 4 putfund	$47.13	92% out	2,480	$3.80	$942K	344	7.2×
2	SOXS Jan 15 '27 5 putfund	$47.13	89% out	1,005	$1.30	$131K	8,715	0.1×
3	GME Jan 19 '29 5 put	$26.47	81% out	5,020	$0.31	$156K	5,023	1.0×
4	WDC Jan 15 '27 70 put	$364.32	81% out	5,000	$2.95	$1.5M	437	11.4×
5	AMD Jan 21 '28 140 put	$534.74	74% out	1,073	$1.37	$147K	3,196	0.3×
6	CYRX Jan 15 '27 5 put	$17.44	71% out	5,000	$0.46	$230K	5,000	1.0×
7	DOCU Dec 17 '27 25 put	$80.28	69% out	1,783	$0.73	$130K	2,899	0.6×
8	IBIT Sep 17 '27 15 putfund	$46.71	68% out	5,005	$0.21	$105K	5,005	1.0×
9	SRPT Dec 17 '27 7.5 put	$19.17	61% out	1,613	$0.78	$126K	1,747	0.9×
10	SMCI Jan 21 '28 13 put	$32.47	60% out	4,134	$1.43	$591K	280	14.8×
11	VRT Dec 18 85 put	$203.56	58% out	1,550	$2.20	$341K	30	51.7×
12	CIFR Jan 19 '29 4 put	$8.88	55% out	11,429	$0.76	$868K	10,500	1.1×
13	SMCI Jan 21 '28 15 put	$32.47	54% out	4,559	$1.90	$868K	24,334	0.2×
14	BHC Dec 17 '27 3 put	$6.42	53% out	6,660	$0.20	$133K	10,761	0.6×
15	ETHA Nov 6 26 putfund	$55.07	53% out	1,104	$6.88	$760K	0	new
16	SQQQ Jan 15 '27 18 putfund	$37.68	52% out	1,000	$11.25	$1.1M	1,026	1.0×
17	MRVL Jan 19 '29 115 put	$240.42	52% out	1,100	$14.41	$1.6M	1,035	1.1×
18	ETHA Nov 13 27 putfund	$55.07	51% out	1,487	$8.14	$1.2M	0	new
19	ARKG Jan 21 '28 24 putfund	$48.65	51% out	1,500	$1.16	$174K	1,500	1.0×
20	XLV Jan 19 '29 90 putfund	$179.82	50% out	15,000	$0.70	$1.1M	15,000	1.0×

Likely new positions: volume far above open interest

Contracts expiring after the session that traded at least 2,000 times and 5 times their open interest at the start of the day, with $100K or more of premium, ranked by premium. Deep in-the-money contracts (more than 5% in) are left out, because they are mostly synthetic stock. Most of this volume opened positions, though the data cannot say whether bought or sold.

#	Contract	Stock	Moneyness	Contracts	Avg price	Premium	Open interest	Volume ÷ OI
1	INTC Jun 16 '28 135 call	$91.69	47% out	23,707	$18.13	$43.0M	21	1129×
2	MU Oct 21 910 call	$896.07	1.6% out	26,344	$11.26	$29.7M	1,557	16.9×
3	MU Oct 21 900 call	$896.07	0.4% out	20,648	$13.84	$28.6M	1,399	14.8×
4	MU Oct 21 910 put	$896.07	1.6% in	18,862	$12.41	$23.4M	798	23.6×
5	MU Oct 21 915 call	$896.07	2.1% out	21,171	$10.22	$21.6M	746	28.4×
6	MU Oct 21 900 put	$896.07	0.4% in	22,133	$9.72	$21.5M	1,282	17.3×
7	NVDA Oct 21 217.5 call	$216.47	0.5% out	126,836	$1.51	$19.2M	5,283	24.0×
8	MU Oct 21 905 call	$896.07	1.0% out	15,196	$12.59	$19.1M	332	45.8×
9	SPY Oct 21 770 callfund	$769.05	0.1% out	89,638	$2.10	$18.8M	3,580	25.0×
10	MU Oct 21 920 call	$896.07	2.7% out	24,927	$7.50	$18.7M	1,119	22.3×
11	CRWD Jan 21 '28 255 call	$227.37	12% out	3,286	$54.18	$17.8M	49	67.1×
12	EFA Jun 17 '27 103 callfund	$103.69	0.7% in	25,505	$6.40	$16.3M	1,884	13.5×
13	MU Oct 21 905 put	$896.07	1.0% in	14,703	$11.08	$16.3M	437	33.6×
14	TSLA Oct 23 375 put	$373.71	0.4% in	12,679	$12.72	$16.1M	2,518	5.0×
15	SPY Oct 21 769 callfund	$769.05	at	67,254	$2.37	$15.9M	3,585	18.8×
16	CRWV Sep 17 '27 80 call	$62.13	29% out	10,069	$14.87	$15.0M	556	18.1×
17	QQQ Oct 21 718 callfund	$717.63	at	37,885	$3.94	$14.9M	1,479	25.6×
18	NVDA Oct 21 215 call	$216.47	0.7% in	59,925	$2.32	$13.9M	2,274	26.4×
19	QQQ Oct 23 725 callfund	$717.63	1.0% out	37,821	$3.60	$13.6M	5,985	6.3×
20	SPY Oct 21 769 putfund	$769.05	at	59,858	$2.27	$13.6M	2,487	24.1×

How the lists are built

After each close we save every listed option on about 2,900 US stocks and ETFs with its day volume, volume-weighted price and open interest at the start of the day. Premium is contracts times that price times 100. Out of the money compares the strike with the stock's close: a call above it, a put below it. Same-day contracts expire on the session itself.

Funds are tagged, not removed, and a stocks-only ranking sits beside the combined one. Every row is a description of the session; none of it says who bought or sold, and none of it is a recommendation.

Data: Daily option chains from a market data vendor: each contract's day volume, volume-weighted price and start-of-day open interest; closing prices. Download: most_active.json.

Most Active Options2026-10-20

Most contracts

SPY

12.4M contracts

Most premium

SNDK

$3.1B

Busiest stock

NVDA

1.92M contracts

Whole market

59.7M

$42.1B · 28% same-day

Furthest out-of-the-money call traded in size: CIFR Jun 16 '28 45 call, 407% above the stock, 10,007 contracts for $783K.

Contracts and premium traded, buyers and sellers not told apart. Built after the close. Descriptions, not advice.

How Most Active Options Works

1
Contracts and premium are different questions
Contract counts are led by the index funds’ same-day expiries, which trade millions of cheap contracts. Premium, contracts times the price paid, shows where the money went, and a high-priced stock can lead it on a fraction of the contracts.
2
Out-of-the-money premium
Deep in-the-money options trade like the stock itself and carry most of the premium in expensive names. Money paid for options that were out of the money at the close has no intrinsic value behind it, so it is the closer measure of a bet.
3
Volume against open interest
Open interest is the count of contracts outstanding at the start of the day. A contract that traded many times its open interest was mostly opened that day, which is how a new position shows up in the daily data.

Who Uses Most Active Options

Options traders

See where the day’s volume and money concentrated, by symbol and by contract, with same-day expiries separated out.

Stock watchers

Spot a stock whose options traded far more than usual, or a far out-of-the-money call bought in size.

Researchers

Download the day’s rankings and the market’s daily totals of contracts, premium and same-day volume.

Pro Tips

Volume is not direction

Every contract has a buyer and a seller. The daily data does not say which side started the trade, so a large volume in calls is not, by itself, bullish.

Read premium beside its out-of-the-money share

A stock near $1,000 can lead the premium ranking on in-the-money calls that behave like shares. The out-of-the-money share says how much of its premium was spent on options with no intrinsic value.

Same-day expiries

Options expiring the same session are most of the index funds’ contracts. The contract tables show a version without them.

Common Issues & Solutions

Why does a stock lead on premium with few contracts?▾

Its options are expensive: a deep in-the-money call on a $1,500 stock costs more than $100,000 a contract. The out-of-the-money columns separate those trades from bets.

Why do the far out-of-the-money lists need 1,000 contracts?▾

A single contract at a far strike would otherwise lead them. The lists need at least 1,000 contracts and $100,000 of premium.

Is this live?▾

No. It is built after each close from the day’s final volume and prices, so it describes the session that just ended.

Frequently Asked Questions

What are the most active options today?▾

By contracts, the index funds SPY and QQQ almost always lead, mostly on options expiring the same day. By premium, the leaders are often high-priced stocks. This page ranks both each session, plus the money spent on out-of-the-money options.

What does premium mean here?▾

Contracts traded times the day’s volume-weighted price times 100 shares: the money that changed hands. It does not say whether buyers or sellers started the trades.

What is a far out-of-the-money call?▾

A call whose strike sits well above the stock’s price, so the stock must rise a long way before it is worth anything at expiry. Large volume in one is a cheap, leveraged bet on a big move, or the sold side of a spread.

What does volume above open interest mean?▾

Open interest counts the contracts outstanding at the start of the day. Volume several times larger means most of the day’s trading opened new positions rather than closing old ones.

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The whole market’s daily put and call volume from OCC

SPY Options

Implied volatility, skew, open interest and put/call for SPY