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
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25
50
100
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50
100
| # | Theme |
Net puts | Puts | Calls |
Put/call ratio | Stocks | |
|---|---|---|---|---|---|---|---|
| 1 |
Digital Payments & Fintech
| $3.14B | $20.6B | $17.5B | 1.18 | 148 |
|
| 2 |
Oil & Gas
Oilfield Services
| $2.31B | $5.57B | $3.27B | 1.71 | 88 |
|
| 3 |
Internet of Things
Wearables
| $2.15B | $16.9B | $14.8B | 1.15 | 21 |
|
| 4 |
Internet of Things
| $1.78B | $19B | $17.2B | 1.1 | 99 |
|
| 5 |
E-Commerce
Marketplaces
| $1.44B | $27.4B | $26B | 1.06 | 106 |
|
| 6 |
Copper & Industrial Metals
| $1.27B | $3.43B | $2.16B | 1.59 | 79 |
|
| 7 |
E-Commerce
| $1.27B | $28.7B | $27.4B | 1.05 | 240 |
|
| 8 |
Defense Modernization
| $1.02B | $5.56B | $4.54B | 1.22 | 163 |
|
| 9 |
Infrastructure & Construction
| $912M | $3.46B | $2.54B | 1.36 | 127 |
|
| 10 |
Artificial Intelligence
Chinese AI
| $751M | $5.03B | $4.28B | 1.18 | 14 |
|
| 11 |
Electrification & Grid
Energy Storage
| $735M | $2.95B | $2.21B | 1.33 | 26 |
|
| 12 |
Autonomous Driving
| $706M | $2.92B | $2.21B | 1.32 | 53 |
|
| 13 |
Online Travel & Experiences
| $706M | $4.79B | $4.08B | 1.17 | 32 |
|
| 14 |
Cloud Computing
| $703M | $20.7B | $20B | 1.04 | 64 |
|
| 15 |
Electrification & Grid
| $703M | $3.16B | $2.46B | 1.29 | 59 |
|
| 16 |
Medical Devices & Diagnostics
| $535M | $7.86B | $7.33B | 1.07 | 342 |
|
| 17 |
Immunotherapy & Oncology
| $444M | $11.8B | $11.4B | 1.04 | 388 |
|
| 18 |
GLP-1 & Obesity
Obesity Second-Order Effects
| $443M | $1.67B | $1.23B | 1.36 | 26 |
|
| 19 |
3D Printing & Additive Manufacturing
| $378M | $1.05B | $674M | 1.56 | 20 |
|
| 20 |
Cybersecurity
| $351M | $2.69B | $2.34B | 1.15 | 85 |
|
| 21 |
Artificial Intelligence
| $337M | $26B | $25.6B | 1.01 | 264 |
|
| 22 |
Luxury & Affluent Consumer
| $294M | $1.22B | $931M | 1.32 | 40 |
|
| 23 |
Electric Vehicles
| $289M | $7.15B | $6.86B | 1.04 | 124 |
|
| 24 |
Health & Wellness
| $278M | $1.8B | $1.52B | 1.18 | 78 |
|
| 25 |
Artificial Intelligence
AI Memory & HBM
| $275M | $1.67B | $1.39B | 1.2 | 12 |
|
| 26 |
Housing & Home Improvement
Home & Garden Retail
| $185M | $2.16B | $1.97B | 1.09 | 30 |
|
| 27 |
Space Economy
| $155M | $538M | $383M | 1.41 | 64 |
|
| 28 |
Clean Energy
Solar
| $132M | $482M | $349M | 1.38 | 54 |
|
| 29 |
Social Media & Creator Economy
| $101M | $14.6B | $14.5B | 1.01 | 45 |
|
| 30 |
Defense Modernization
Drones & Counter-Drone
| $83.2M | $187M | $104M | 1.8 | 30 |
|
| 31 |
Robotics & Automation
| $75.9M | $817M | $741M | 1.1 | 83 |
|
| 32 |
Digital Assets
| $71.4M | $282M | $211M | 1.34 | 160 |
|
| 33 |
Digital Assets
Corporate Crypto Treasuries
| $68.1M | $270M | $202M | 1.34 | 63 |
|
| 34 |
Sin Stocks
Casinos
| $67M | $1.91B | $1.84B | 1.04 | 24 |
|
| 35 |
Robotics & Automation
Warehouse & Logistics Robotics
| $63.3M | $342M | $279M | 1.23 | 3 |
|
| 36 |
Defense Modernization
Defense Tech & C4ISR
| $63M | $850M | $787M | 1.08 | 53 |
|
| 37 |
Video Games & Esports
| $60.8M | $3.8B | $3.74B | 1.02 | 55 |
|
| 38 |
Defense Modernization
Military Shipbuilding
| $52.9M | $190M | $137M | 1.39 | 6 |
|
| 39 |
Semiconductors
Analog & Power Semis
| $48.3M | $1.11B | $1.06B | 1.05 | 27 |
|
| 40 |
Agriculture & Food Technology
Plant-Based Foods
| $47.6M | $122M | $74.6M | 1.64 | 17 |
|
| 41 |
Digital Payments & Fintech
Neobanks
| $29.4M | $139M | $109M | 1.27 | 25 |
|
| 42 |
Sin Stocks
Tobacco & Nicotine
| $27.2M | $792M | $765M | 1.04 | 13 |
|
| 43 |
Agriculture & Food Technology
Precision Agriculture
| $15.3M | $513M | $498M | 1.03 | 4 |
|
| 44 |
Cybersecurity
Identity Security
| $10.9M | $47.6M | $36.6M | 1.3 | 15 |
|
| 45 |
Digital Payments & Fintech
Buy Now Pay Later
| $10.4M | $14.3M | $3.87M | 3.7 | 13 |
|
| 46 |
Virtual & Augmented Reality
| $6.41M | $14.9M | $8.45M | 1.76 | 20 |
|
| 47 |
Digital Assets
Bitcoin Miners
| $5.22M | $9.63M | $4.41M | 2.18 | 40 |
|
| 48 |
Water
Sanitation
| $2.01M | $7.93M | $5.92M | 1.34 | 8 |
|
| 49 |
Electrification & Grid
Transmission Buildout
| $425K | $23.3M | $22.9M | 1.02 | 6 |
|
| 50 |
Lithium & Battery Materials
| $291K | $29.5M | $29.2M | 1.01 | 47 |
|
| 51 |
Clean Energy
Wind
| $33K | $57K | $24K | 2.38 | 9 |
|
| 52 |
Space Economy
Launch Services
| -$667K | $647K | $1.31M | 0.49 | 5 |
|
| 53 |
Artificial Intelligence
AI Software & Applications
| -$700K | $41.5M | $42.2M | 0.98 | 85 |
|
| 54 |
Reshoring & American Manufacturing
| -$1.48M | $116M | $117M | 0.99 | 20 |
|
| 55 |
Robotics & Automation
Industrial Automation
| -$3.77M | $628M | $632M | 0.99 | 16 |
|
| 56 |
Internet of Things
Smart Home
| -$5.56M | $58.9M | $64.4M | 0.91 | 17 |
|
| 57 |
Infrastructure & Construction
Green Building
| -$5.77M | $4.36M | $10.1M | 0.43 | 5 |
|
| 58 |
Cannabis
| -$8.62M | $1.36M | $9.98M | 0.14 | 52 |
|
| 59 |
Data Centers & Digital Infrastructure
Liquid Cooling
| -$10M | $25M | $35M | 0.71 | 9 |
|
| 60 |
Critical Minerals & Rare Earths
| -$10.3M | $14.2M | $24.5M | 0.58 | 60 |
|
| 61 |
Future of Education
| -$13.2M | $82.5M | $95.7M | 0.86 | 77 |
|
| 62 |
Digital Health & Telemedicine
| -$15.8M | $676M | $692M | 0.98 | 84 |
|
| 63 |
Sports Betting & iGaming
| -$17.3M | $35.6M | $52.9M | 0.67 | 29 |
|
| 64 |
Nuclear Energy
Uranium Mining & Enrichment
| -$30.2M | $50.5M | $80.7M | 0.63 | 20 |
|
| 65 |
Nuclear Energy
Small Modular Reactors
| -$31.5M | $47.4M | $78.9M | 0.6 | 12 |
|
| 66 |
Cloud Computing
Edge Computing
| -$31.8M | $115M | $147M | 0.78 | 11 |
|
| 67 |
Electrification & Grid
Grid Equipment
| -$33M | $176M | $209M | 0.84 | 10 |
|
| 68 |
Cybersecurity
Agentic AI Security
| -$37.7M | $208M | $245M | 0.85 | 2 |
|
| 69 |
Space Economy
Satellite Communications
| -$37.7M | $38M | $75.7M | 0.5 | 16 |
|
| 70 |
Data Centers & Digital Infrastructure
Power for AI
| -$42.4M | $167M | $210M | 0.8 | 22 |
|
| 71 |
Defense Modernization
Munitions Restocking
| -$60M | $690M | $750M | 0.92 | 11 |
|
| 72 |
Sin Stocks
Firearms
| -$60.5M | $31.1M | $91.7M | 0.34 | 12 |
|
| 73 |
Streaming & Digital Media
News Media
| -$69.2M | $62.6M | $132M | 0.47 | 26 |
|
| 74 |
Water
Water Infrastructure
| -$73M | $51.2M | $124M | 0.41 | 17 |
|
| 75 |
Clean Energy
Hydrogen & Fuel Cells
| -$73.1M | $221M | $294M | 0.75 | 13 |
|
| 76 |
Energy Efficiency
| -$82.1M | $667M | $749M | 0.89 | 31 |
|
| 77 |
Data Centers & Digital Infrastructure
Interconnect & Colocation
| -$93.9M | $210M | $304M | 0.69 | 19 |
|
| 78 |
Gold & Precious Metals
Gold & Silver Miners
| -$121M | $1.85B | $1.97B | 0.94 | 124 |
|
| 79 |
Gold & Precious Metals
| -$125M | $1.85B | $1.98B | 0.94 | 133 |
|
| 80 |
Artificial Intelligence
AI Inference Silicon
| -$140M | $1.61B | $1.75B | 0.92 | 7 |
|
| 81 |
Housing & Home Improvement
Homebuilders
| -$169M | $744M | $913M | 0.82 | 45 |
|
| 82 |
Housing & Home Improvement
| -$184M | $3.9B | $4.08B | 0.96 | 223 |
|
| 83 |
Small Business Economy
| -$186M | $378M | $564M | 0.67 | 58 |
|
| 84 |
Semiconductors
Photonics & Optical Interconnect
| -$202M | $127M | $329M | 0.39 | 20 |
|
| 85 |
Data Centers & Digital Infrastructure
| -$215M | $429M | $643M | 0.67 | 78 |
|
| 86 |
Reuse, Repair & Circular Economy
| -$216M | $851M | $1.07B | 0.8 | 68 |
|
| 87 |
Agriculture & Food Technology
| -$235M | $1.34B | $1.57B | 0.85 | 79 |
|
| 88 |
Nuclear Energy
| -$237M | $408M | $645M | 0.63 | 61 |
|
| 89 |
Genomics & Gene Editing
Gene Therapy
| -$240M | $245M | $484M | 0.51 | 131 |
|
| 90 |
E-Commerce
Food Delivery
| -$247M | $97.1M | $344M | 0.28 | 12 |
|
| 91 |
Water
| -$265M | $848M | $1.11B | 0.76 | 67 |
|
| 92 |
Artificial Intelligence
Agentic AI
| -$279M | $390M | $669M | 0.58 | 13 |
|
| 93 |
Longevity & Aging Population
| -$350M | $352M | $702M | 0.5 | 60 |
|
| 94 |
Electric Vehicles
EV Charging Infrastructure
| -$399M | $644M | $1.04B | 0.62 | 21 |
|
| 95 |
Carbon & Pollution Control
| -$402M | $588M | $990M | 0.59 | 23 |
|
| 96 |
Quantum Computing
| -$406M | $1.94B | $2.35B | 0.83 | 19 |
|
| 97 |
Clean Energy
| -$523M | $2.33B | $2.85B | 0.82 | 134 |
|
| 98 |
Pet Economy
| -$536M | $1.55B | $2.09B | 0.74 | 34 |
|
| 99 |
Genomics & Gene Editing
| -$638M | $2.18B | $2.82B | 0.77 | 199 |
|
| 100 |
GLP-1 & Obesity
| -$760M | $6.18B | $6.94B | 0.89 | 92 |
|
| 101 |
SaaS & Enterprise Software
| -$1.08B | $7.9B | $8.98B | 0.88 | 266 |
|
| 102 |
Sin Stocks
| -$1.16B | $3.39B | $4.56B | 0.74 | 78 |
|
| 103 |
Oil & Gas
LNG
| -$1.17B | $1.46B | $2.63B | 0.55 | 32 |
|
| 104 |
Sin Stocks
Alcohol
| -$1.19B | $633M | $1.83B | 0.35 | 24 |
|
| 105 |
Semiconductors
Semicap & Lithography
| -$1.34B | $820M | $2.16B | 0.38 | 21 |
|
| 106 |
Oil & Gas
| -$1.55B | $21.6B | $23.1B | 0.93 | 361 |
|
| 107 |
Streaming & Digital Media
| -$1.66B | $19.1B | $20.8B | 0.92 | 120 |
|
| 108 |
Semiconductors
| -$3.62B | $11.9B | $15.5B | 0.77 | 178 |
|
| 109 |
Semiconductors
Advanced Packaging
| -$3.77B | $326M | $4.1B | 0.08 | 10 |
|
| 110 |
Digital Assets
Stablecoin Infrastructure
| – | – | – | – | 9 |
|