Themes With The Most
Fund Put Options
Main themes
Sub themes
3D Printing & Additive Manufacturing
Agriculture & Food Technology
Artificial Intelligence
Autonomous Driving
Cannabis
Carbon & Pollution Control
Clean Energy
Cloud Computing
Copper & Industrial Metals
Critical Minerals & Rare Earths
Cybersecurity
Data Centers & Digital Infrastructure
Defense Modernization
Digital Assets
Digital Health & Telemedicine
Digital Payments & Fintech
E-Commerce
Electric Vehicles
Electrification & Grid
Energy Efficiency
Future of Education
Genomics & Gene Editing
GLP-1 & Obesity
Gold & Precious Metals
Health & Wellness
Housing & Home Improvement
Immunotherapy & Oncology
Infrastructure & Construction
Internet of Things
Lithium & Battery Materials
Longevity & Aging Population
Luxury & Affluent Consumer
Medical Devices & Diagnostics
Nuclear Energy
Oil & Gas
Online Travel & Experiences
Pet Economy
Quantum Computing
Reshoring & American Manufacturing
Reuse, Repair & Circular Economy
Robotics & Automation
SaaS & Enterprise Software
Semiconductors
Sin Stocks
Small Business Economy
Social Media & Creator Economy
Space Economy
Sports Betting & iGaming
Streaming & Digital Media
Video Games & Esports
Virtual & Augmented Reality
Water
5
10
25
50
100
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10
25
50
100
| # | Theme |
Net puts | Puts | Calls |
Put/call ratio | Stocks | |
|---|---|---|---|---|---|---|---|
| 1 |
Digital Payments & Fintech
| $3.07B | $30.7B | $27.7B | 1.11 | 148 |
|
| 2 |
Internet of Things
| $2.64B | $29.6B | $26.9B | 1.1 | 99 |
|
| 3 |
Internet of Things
Wearables
| $2.42B | $27.3B | $24.8B | 1.1 | 21 |
|
| 4 |
Copper & Industrial Metals
| $2.16B | $6.39B | $4.23B | 1.51 | 79 |
|
| 5 |
Electric Vehicles
| $2.03B | $9.98B | $7.94B | 1.26 | 124 |
|
| 6 |
Autonomous Driving
| $1.82B | $5.37B | $3.55B | 1.51 | 53 |
|
| 7 |
Electrification & Grid
Energy Storage
| $1.8B | $5.33B | $3.53B | 1.51 | 26 |
|
| 8 |
E-Commerce
Marketplaces
| $1.79B | $35.5B | $33.7B | 1.05 | 106 |
|
| 9 |
Electrification & Grid
| $1.76B | $5.53B | $3.76B | 1.47 | 59 |
|
| 10 |
Defense Modernization
| $1.63B | $5.57B | $3.93B | 1.42 | 163 |
|
| 11 |
Sin Stocks
Casinos
| $1.19B | $3.98B | $2.8B | 1.42 | 24 |
|
| 12 |
Sin Stocks
| $800M | $5.85B | $5.05B | 1.16 | 78 |
|
| 13 |
3D Printing & Additive Manufacturing
| $784M | $2.1B | $1.32B | 1.6 | 20 |
|
| 14 |
Cloud Computing
| $688M | $18.3B | $17.6B | 1.04 | 64 |
|
| 15 |
Health & Wellness
| $673M | $1.97B | $1.29B | 1.52 | 78 |
|
| 16 |
GLP-1 & Obesity
Obesity Second-Order Effects
| $650M | $1.69B | $1.04B | 1.62 | 26 |
|
| 17 |
Oil & Gas
Oilfield Services
| $599M | $5.24B | $4.64B | 1.13 | 88 |
|
| 18 |
Immunotherapy & Oncology
| $480M | $12.9B | $12.4B | 1.04 | 388 |
|
| 19 |
Housing & Home Improvement
Home & Garden Retail
| $463M | $2.28B | $1.82B | 1.25 | 30 |
|
| 20 |
Infrastructure & Construction
| $374M | $4.38B | $4B | 1.09 | 127 |
|
| 21 |
Digital Assets
| $351M | $491M | $140M | 3.5 | 160 |
|
| 22 |
Digital Assets
Corporate Crypto Treasuries
| $351M | $490M | $139M | 3.53 | 63 |
|
| 23 |
Agriculture & Food Technology
Precision Agriculture
| $336M | $887M | $550M | 1.61 | 4 |
|
| 24 |
Reuse, Repair & Circular Economy
| $294M | $1.24B | $951M | 1.31 | 68 |
|
| 25 |
Luxury & Affluent Consumer
| $275M | $1.52B | $1.25B | 1.22 | 40 |
|
| 26 |
Artificial Intelligence
AI Inference Silicon
| $257M | $1.86B | $1.6B | 1.16 | 7 |
|
| 27 |
Video Games & Esports
| $179M | $4.15B | $3.97B | 1.05 | 55 |
|
| 28 |
Cybersecurity
| $178M | $2.88B | $2.7B | 1.07 | 85 |
|
| 29 |
Space Economy
| $170M | $775M | $604M | 1.28 | 64 |
|
| 30 |
Artificial Intelligence
Agentic AI
| $130M | $674M | $545M | 1.24 | 13 |
|
| 31 |
Gold & Precious Metals
Gold & Silver Miners
| $129M | $3.28B | $3.15B | 1.04 | 124 |
|
| 32 |
Online Travel & Experiences
| $120M | $5.89B | $5.77B | 1.02 | 32 |
|
| 33 |
Semiconductors
Analog & Power Semis
| $116M | $1.08B | $963M | 1.12 | 27 |
|
| 34 |
Gold & Precious Metals
| $110M | $3.28B | $3.17B | 1.03 | 133 |
|
| 35 |
Quantum Computing
| $99.9M | $1.88B | $1.78B | 1.06 | 19 |
|
| 36 |
Pet Economy
| $97.9M | $1.76B | $1.66B | 1.06 | 34 |
|
| 37 |
Energy Efficiency
| $94.5M | $791M | $697M | 1.14 | 31 |
|
| 38 |
Electric Vehicles
EV Charging Infrastructure
| $82.8M | $811M | $728M | 1.11 | 21 |
|
| 39 |
Clean Energy
Solar
| $71.4M | $738M | $666M | 1.11 | 54 |
|
| 40 |
Artificial Intelligence
Chinese AI
| $60.1M | $2.31B | $2.25B | 1.03 | 14 |
|
| 41 |
Defense Modernization
Munitions Restocking
| $44M | $657M | $613M | 1.07 | 11 |
|
| 42 |
Future of Education
| $42.5M | $137M | $94.3M | 1.45 | 77 |
|
| 43 |
Sin Stocks
Tobacco & Nicotine
| $36.9M | $1.13B | $1.1B | 1.03 | 13 |
|
| 44 |
Defense Modernization
Defense Tech & C4ISR
| $35.8M | $834M | $798M | 1.04 | 53 |
|
| 45 |
Robotics & Automation
Warehouse & Logistics Robotics
| $22.9M | $343M | $320M | 1.07 | 3 |
|
| 46 |
Defense Modernization
Military Shipbuilding
| $22.4M | $189M | $166M | 1.13 | 6 |
|
| 47 |
Reshoring & American Manufacturing
| $21M | $148M | $127M | 1.17 | 20 |
|
| 48 |
E-Commerce
Food Delivery
| $18.8M | $67.3M | $48.5M | 1.39 | 12 |
|
| 49 |
Digital Health & Telemedicine
| $16.8M | $785M | $768M | 1.02 | 84 |
|
| 50 |
Semiconductors
Advanced Packaging
| $11.8M | $135M | $124M | 1.1 | 10 |
|
| 51 |
Defense Modernization
Drones & Counter-Drone
| $10.8M | $134M | $123M | 1.09 | 30 |
|
| 52 |
Sin Stocks
Firearms
| $10.6M | $60.1M | $49.5M | 1.22 | 12 |
|
| 53 |
Artificial Intelligence
AI Software & Applications
| $5.15M | $108M | $102M | 1.05 | 85 |
|
| 54 |
Clean Energy
Wind
| $694K | $1.24M | $544K | 2.28 | 9 |
|
| 55 |
Digital Payments & Fintech
Buy Now Pay Later
| $504K | $5.38M | $4.88M | 1.1 | 13 |
|
| 56 |
Space Economy
Launch Services
| $179K | $370K | $191K | 1.94 | 5 |
|
| 57 |
Digital Assets
Bitcoin Miners
| -$1K | $0 | $1K | 0 | 40 |
|
| 58 |
Cannabis
| -$950K | $3.59M | $4.54M | 0.79 | 52 |
|
| 59 |
Sports Betting & iGaming
| -$2.2M | $35.4M | $37.6M | 0.94 | 29 |
|
| 60 |
Data Centers & Digital Infrastructure
Liquid Cooling
| -$2.71M | $14.9M | $17.6M | 0.85 | 9 |
|
| 61 |
Cybersecurity
Identity Security
| -$2.89M | $1.87M | $4.76M | 0.39 | 15 |
|
| 62 |
Infrastructure & Construction
Green Building
| -$4.33M | $3.77M | $8.1M | 0.46 | 5 |
|
| 63 |
Electrification & Grid
Transmission Buildout
| -$6.04M | $15.5M | $21.6M | 0.72 | 6 |
|
| 64 |
Cybersecurity
Agentic AI Security
| -$8.19M | $167M | $175M | 0.95 | 2 |
|
| 65 |
Agriculture & Food Technology
Plant-Based Foods
| -$9.97M | $82.8M | $92.8M | 0.89 | 17 |
|
| 66 |
Water
Sanitation
| -$13M | $14.8M | $27.8M | 0.53 | 8 |
|
| 67 |
Data Centers & Digital Infrastructure
Power for AI
| -$17.3M | $171M | $189M | 0.91 | 22 |
|
| 68 |
Space Economy
Satellite Communications
| -$17.9M | $55.5M | $73.4M | 0.76 | 16 |
|
| 69 |
Cloud Computing
Edge Computing
| -$26.1M | $129M | $155M | 0.83 | 11 |
|
| 70 |
Virtual & Augmented Reality
| -$27.2M | $25.5M | $52.7M | 0.48 | 20 |
|
| 71 |
Electrification & Grid
Grid Equipment
| -$27.9M | $166M | $194M | 0.86 | 10 |
|
| 72 |
Semiconductors
Photonics & Optical Interconnect
| -$28.5M | $296M | $324M | 0.91 | 20 |
|
| 73 |
Digital Payments & Fintech
Neobanks
| -$29.6M | $147M | $176M | 0.83 | 25 |
|
| 74 |
Nuclear Energy
Uranium Mining & Enrichment
| -$30.7M | $110M | $140M | 0.78 | 20 |
|
| 75 |
Nuclear Energy
Small Modular Reactors
| -$37.7M | $99.6M | $137M | 0.73 | 12 |
|
| 76 |
Water
Water Infrastructure
| -$44.3M | $62.9M | $107M | 0.59 | 17 |
|
| 77 |
Lithium & Battery Materials
| -$53.3M | $15.2M | $68.5M | 0.22 | 47 |
|
| 78 |
Internet of Things
Smart Home
| -$54.7M | $105M | $160M | 0.66 | 17 |
|
| 79 |
Critical Minerals & Rare Earths
| -$68.6M | $14.8M | $83.4M | 0.18 | 60 |
|
| 80 |
Robotics & Automation
| -$80.2M | $730M | $810M | 0.9 | 83 |
|
| 81 |
Streaming & Digital Media
News Media
| -$98.8M | $89.1M | $188M | 0.47 | 26 |
|
| 82 |
Robotics & Automation
Industrial Automation
| -$125M | $543M | $668M | 0.81 | 16 |
|
| 83 |
Longevity & Aging Population
| -$148M | $444M | $592M | 0.75 | 60 |
|
| 84 |
Agriculture & Food Technology
| -$178M | $2.04B | $2.22B | 0.92 | 79 |
|
| 85 |
Housing & Home Improvement
| -$193M | $4.27B | $4.46B | 0.96 | 223 |
|
| 86 |
E-Commerce
| -$196M | $37B | $37.1B | 0.99 | 240 |
|
| 87 |
Data Centers & Digital Infrastructure
Interconnect & Colocation
| -$200M | $515M | $715M | 0.72 | 19 |
|
| 88 |
Data Centers & Digital Infrastructure
| -$242M | $726M | $968M | 0.75 | 78 |
|
| 89 |
Nuclear Energy
| -$273M | $575M | $848M | 0.68 | 61 |
|
| 90 |
Artificial Intelligence
| -$279M | $26.8B | $27.1B | 0.99 | 264 |
|
| 91 |
Genomics & Gene Editing
Gene Therapy
| -$316M | $183M | $500M | 0.37 | 131 |
|
| 92 |
Sin Stocks
Alcohol
| -$318M | $579M | $896M | 0.65 | 24 |
|
| 93 |
Artificial Intelligence
AI Memory & HBM
| -$355M | $2.53B | $2.88B | 0.88 | 12 |
|
| 94 |
Small Business Economy
| -$463M | $526M | $989M | 0.53 | 58 |
|
| 95 |
Semiconductors
| -$555M | $12.8B | $13.3B | 0.96 | 178 |
|
| 96 |
Clean Energy
| -$570M | $3.31B | $3.88B | 0.85 | 134 |
|
| 97 |
Housing & Home Improvement
Homebuilders
| -$588M | $952M | $1.54B | 0.62 | 45 |
|
| 98 |
SaaS & Enterprise Software
| -$593M | $9.63B | $10.2B | 0.94 | 266 |
|
| 99 |
Clean Energy
Hydrogen & Fuel Cells
| -$749M | $295M | $1.04B | 0.28 | 13 |
|
| 100 |
Genomics & Gene Editing
| -$768M | $1.82B | $2.59B | 0.7 | 199 |
|
| 101 |
Social Media & Creator Economy
| -$814M | $17.3B | $18.2B | 0.96 | 45 |
|
| 102 |
GLP-1 & Obesity
| -$873M | $7.02B | $7.89B | 0.89 | 92 |
|
| 103 |
Medical Devices & Diagnostics
| -$940M | $8.5B | $9.44B | 0.9 | 342 |
|
| 104 |
Water
| -$1.14B | $1.15B | $2.29B | 0.5 | 67 |
|
| 105 |
Semiconductors
Semicap & Lithography
| -$1.41B | $751M | $2.16B | 0.35 | 21 |
|
| 106 |
Oil & Gas
LNG
| -$1.67B | $2.62B | $4.29B | 0.61 | 32 |
|
| 107 |
Carbon & Pollution Control
| -$2.44B | $1.17B | $3.6B | 0.32 | 23 |
|
| 108 |
Streaming & Digital Media
| -$5.02B | $19.9B | $24.9B | 0.8 | 120 |
|
| 109 |
Oil & Gas
| -$7.17B | $27.9B | $35.1B | 0.8 | 361 |
|
| 110 |
Digital Assets
Stablecoin Infrastructure
| – | – | – | – | 9 |
|