Index ETF Options

Some of the most liquid optionable ETFs (including top three by options volume) track US broad market indices: S&P500, Nasdaq 100, Dow Jones Industrial Average, and Russell 2000. Additionally, there are inverse (short) and leveraged ETFs on the same indices which also offer decent options volume and reasonable bid-ask spreads.

Broad Market Index ETF Options

ETF options volume in 2026
rank symbol avg_daily_volume etf_name
  1. SPY    = 2,760,570  =  SPDR S&P 500 ETF Trust
  2. QQQ    = 1,534,038  =  Invesco QQQ Trust Series 1
  3. IWM    =   419,827  =  ISHARES RUSSELL 2000 ETF
 33. DIA    =    13,902  =  SPDR Dow Jones Industrial Average ETF
 58. VOO    =     5,112  =  VANGUARD 500 INDEX FUND ETF SHARES
 71. RSP    =     3,214  =  INVESCO S&P 500 EQUAL WEIGHT ETF 

Leveraged Index ETF Options

ETF options volume in 2026
rank symbol avg_daily_volume etf_name
  8. TQQQ   =    76,787  =  PROSHARES ULTRAPRO QQQ
 48. TNA    =     7,808  =  DIREXION DAILY SMALL CAP BULL 3X SHARES
 91. UPRO   =     2,146  =  PROSHARES ULTRAPRO S&P500 
 96. SPXL   =     1,905  =  DIREXION DAILY S&P 500(R) BULL 3X SHARES 

Inverse (Short) Index ETF Options

ETF options volume in 2026
rank symbol avg_daily_volume etf_name
 29. SQQQ   =    16,642  =  ProShares UltraPro Short QQQ -3x Shares 
 74. SPXS   =     3,139  =  DIREXION DAILY S&P 500(R) BEAR 3X SHARES 
 81. TZA    =     2,707  =  Direxion Small Cap Bear 3X ETF

Strategy ETF Options

ETF options volume in 2026
rank symbol avg_daily_volume etf_name
 94. MTUM   =     1,958  =  ISHARES MSCI USA MOMENTUM FACTOR ETF 
100. SCHD   =     1,776  =  SCHWAB U.S. DIVIDEND EQUITY ETF