Where did the biggest options money go today?
Data through 2026-09-22 · updated after each US close · free to read · by Daniel, The Philosopher Investor
On the 2026-09-22 session, the biggest options money among real companies went to MU: $2.5B in premium, 81% of it in calls. Of the 10 names with the most premium traded, 8 leaned to calls, 0 to puts and 2 were balanced. A daily total says where the money went, not whether it was bought or sold.
Which names had the most options premium traded?
| Name | Industry | Premium traded | Calls share | Lean |
|---|---|---|---|---|
| MU | Semiconductors | $2.5B | 81% | calls |
| SNDK | Computer Hardware | $2.3B | 57% | balanced |
| META | Internet Content & Information | $1.6B | 76% | calls |
| AMD | Semiconductors | $1.1B | 75% | calls |
| NVDA | Semiconductors | $813.2M | 79% | calls |
| TSLA | Auto Manufacturers | $730.7M | 70% | calls |
| INTC | Semiconductors | $692.2M | 84% | calls |
| AAPL | Consumer Electronics | $476.3M | 76% | calls |
| MSFT | Software - Infrastructure | $372.6M | 65% | calls |
| MSTR | Software - Application | $341.7M | 56% | balanced |
Premium is the dollar value of the contracts that traded, calls plus puts, for the session shown. Index, sector and leveraged ETFs are excluded. The members' desk reads each name's flow against its chart, its open interest and three months of premium drift.
Common questions
- What does options flow measure?
- The dollars that changed hands in a stock's options over one session, split between calls and puts. A big total means the name was in play; the split says which side the money favored. It is a lean, not proof: the exchange tape does not say whether a contract was bought or sold.
- Why is the flow one session behind the stock price?
- Options exchanges publish the full session's trades the next morning. The date on this page is the session the premium traded on. Stock prices on the rest of the site run through the latest close.
- Does a call-heavy day mean the stock goes up?
- Not on its own. Calls are bought as bets and sold for income, and a large print can be a hedge. Read the lean against the chart and the name's own history before drawing a conclusion. The members' desk does that read for each name after the close.
- Which names are excluded?
- Index, sector and leveraged ETFs, where most of the premium is dealer hedging rather than a view on a company. The list here is real, classified companies only.
- How much premium counts as unusual?
- Several times the name's own daily average, in a short window. The dollar size alone says little: the same $2 million is background noise in Apple and the whole story of the session in a mid-cap.
- Can I see the strikes and expiries behind these totals?
- Not on this page. The totals here are the session's premium by name; the members' desk breaks each name down by strike, expiry and side.
- Why do the same mega-caps appear most days?
- Because they carry the most options money in absolute terms. A raw premium list is dominated by the twenty largest names, so read the calls-versus-puts split and the name's own baseline rather than the size alone.
- Does a call-heavy list mean the market goes up tomorrow?
- No. Nine call-led names out of ten describes yesterday's positioning, and much of it is hedging or income selling. Use it as a read on where attention sat, not as a forecast.