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
5
10
25
50
100
| # | Theme |
Net puts | Puts | Calls |
Put/call ratio | Stocks | |
|---|---|---|---|---|---|---|---|
| 1 |
Semiconductors
| $21.3B | $72.4B | $51.1B | 1.42 | 178 |
|
| 2 |
Digital Payments & Fintech
| $12.5B | $82.8B | $70.4B | 1.18 | 148 |
|
| 3 |
Artificial Intelligence
| $11.4B | $160B | $149B | 1.08 | 264 |
|
| 4 |
SaaS & Enterprise Software
| $9.9B | $67.8B | $57.9B | 1.17 | 266 |
|
| 5 |
E-Commerce
| $9.48B | $174B | $165B | 1.06 | 240 |
|
| 6 |
Internet of Things
| $7.81B | $45.1B | $37.3B | 1.21 | 99 |
|
| 7 |
E-Commerce
Marketplaces
| $7.25B | $159B | $152B | 1.05 | 106 |
|
| 8 |
Internet of Things
Wearables
| $6.04B | $37.9B | $31.8B | 1.19 | 21 |
|
| 9 |
Digital Assets
| $5.53B | $23.5B | $17.9B | 1.31 | 160 |
|
| 10 |
Small Business Economy
| $4.61B | $19.4B | $14.8B | 1.31 | 58 |
|
| 11 |
Cybersecurity
| $4.4B | $14B | $9.55B | 1.46 | 85 |
|
| 12 |
Video Games & Esports
| $4.02B | $31.1B | $27.1B | 1.15 | 55 |
|
| 13 |
Electric Vehicles
| $3.73B | $104B | $100B | 1.04 | 124 |
|
| 14 |
Artificial Intelligence
Agentic AI
| $2.89B | $11.1B | $8.16B | 1.35 | 13 |
|
| 15 |
Artificial Intelligence
AI Memory & HBM
| $2.36B | $8.58B | $6.21B | 1.38 | 12 |
|
| 16 |
Semiconductors
Semicap & Lithography
| $2.3B | $7.7B | $5.39B | 1.43 | 21 |
|
| 17 |
Semiconductors
Advanced Packaging
| $2.12B | $4.76B | $2.65B | 1.8 | 10 |
|
| 18 |
Digital Assets
Stablecoin Infrastructure
| $2.09B | $6.94B | $4.85B | 1.43 | 9 |
|
| 19 |
Digital Assets
Corporate Crypto Treasuries
| $1.77B | $6.32B | $4.56B | 1.39 | 63 |
|
| 20 |
E-Commerce
Food Delivery
| $1.7B | $10.3B | $8.59B | 1.2 | 12 |
|
| 21 |
Electrification & Grid
Energy Storage
| $1.63B | $90.6B | $89B | 1.02 | 26 |
|
| 22 |
Artificial Intelligence
AI Inference Silicon
| $1.6B | $4.57B | $2.96B | 1.54 | 7 |
|
| 23 |
Reuse, Repair & Circular Economy
| $1.46B | $6.7B | $5.24B | 1.28 | 68 |
|
| 24 |
Agriculture & Food Technology
Plant-Based Foods
| $1.38B | $2.68B | $1.3B | 2.06 | 17 |
|
| 25 |
Electrification & Grid
| $1.38B | $90.9B | $89.5B | 1.02 | 59 |
|
| 26 |
Semiconductors
Analog & Power Semis
| $1.15B | $5.06B | $3.91B | 1.29 | 27 |
|
| 27 |
Digital Health & Telemedicine
| $1.07B | $5.68B | $4.61B | 1.23 | 84 |
|
| 28 |
Housing & Home Improvement
Home & Garden Retail
| $991M | $9.39B | $8.4B | 1.12 | 30 |
|
| 29 |
Housing & Home Improvement
| $841M | $13.2B | $12.4B | 1.07 | 223 |
|
| 30 |
Agriculture & Food Technology
| $828M | $4.63B | $3.8B | 1.22 | 79 |
|
| 31 |
Defense Modernization
Defense Tech & C4ISR
| $804M | $4.17B | $3.37B | 1.24 | 53 |
|
| 32 |
Autonomous Driving
| $767M | $95.8B | $95B | 1.01 | 53 |
|
| 33 |
Cloud Computing
Edge Computing
| $742M | $1.93B | $1.19B | 1.62 | 11 |
|
| 34 |
Future of Education
| $706M | $2.36B | $1.65B | 1.43 | 77 |
|
| 35 |
Artificial Intelligence
AI Software & Applications
| $684M | $2.49B | $1.81B | 1.38 | 85 |
|
| 36 |
Clean Energy
Solar
| $627M | $4.59B | $3.96B | 1.16 | 54 |
|
| 37 |
GLP-1 & Obesity
| $625M | $7.45B | $6.83B | 1.09 | 92 |
|
| 38 |
Quantum Computing
| $504M | $2.39B | $1.89B | 1.27 | 19 |
|
| 39 |
Clean Energy
| $498M | $8.19B | $7.7B | 1.06 | 134 |
|
| 40 |
Clean Energy
Hydrogen & Fuel Cells
| $459M | $1.72B | $1.26B | 1.37 | 13 |
|
| 41 |
Luxury & Affluent Consumer
| $382M | $1.77B | $1.39B | 1.27 | 40 |
|
| 42 |
Gold & Precious Metals
Gold & Silver Miners
| $366M | $5.5B | $5.13B | 1.07 | 124 |
|
| 43 |
Gold & Precious Metals
| $327M | $5.56B | $5.23B | 1.06 | 133 |
|
| 44 |
Genomics & Gene Editing
| $305M | $6.87B | $6.56B | 1.05 | 199 |
|
| 45 |
Cybersecurity
Identity Security
| $245M | $892M | $647M | 1.38 | 15 |
|
| 46 |
Oil & Gas
Oilfield Services
| $212M | $1.7B | $1.48B | 1.14 | 88 |
|
| 47 |
Cybersecurity
Agentic AI Security
| $176M | $1.31B | $1.13B | 1.16 | 2 |
|
| 48 |
3D Printing & Additive Manufacturing
| $162M | $589M | $427M | 1.38 | 20 |
|
| 49 |
Data Centers & Digital Infrastructure
Interconnect & Colocation
| $152M | $808M | $656M | 1.23 | 19 |
|
| 50 |
Sin Stocks
Alcohol
| $148M | $1.7B | $1.55B | 1.1 | 24 |
|
| 51 |
Robotics & Automation
Humanoid Robotics
| $132M | $664M | $533M | 1.25 | 5 |
|
| 52 |
Defense Modernization
Drones & Counter-Drone
| $114M | $746M | $632M | 1.18 | 30 |
|
| 53 |
Pet Economy
| $66.5M | $3.78B | $3.72B | 1.02 | 34 |
|
| 54 |
Sin Stocks
Tobacco & Nicotine
| $33.4M | $1.16B | $1.13B | 1.03 | 13 |
|
| 55 |
Sin Stocks
Firearms
| $16.8M | $203M | $186M | 1.09 | 12 |
|
| 56 |
Data Centers & Digital Infrastructure
Liquid Cooling
| $16.1M | $42.5M | $26.4M | 1.61 | 9 |
|
| 57 |
Copper & Industrial Metals
| $9.24M | $6.34B | $6.33B | 1 | 79 |
|
| 58 |
Water
Sanitation
| -$739K | $21.1M | $21.8M | 0.97 | 8 |
|
| 59 |
Clean Energy
Wind
| -$1.09M | $11.9M | $13M | 0.92 | 9 |
|
| 60 |
Space Economy
Launch Services
| -$4.72M | $17.7M | $22.4M | 0.79 | 5 |
|
| 61 |
Health & Wellness
| -$5.74M | $3.52B | $3.53B | 1 | 78 |
|
| 62 |
Defense Modernization
Military Shipbuilding
| -$10M | $257M | $267M | 0.96 | 6 |
|
| 63 |
Infrastructure & Construction
Green Building
| -$12M | $17.7M | $29.6M | 0.6 | 5 |
|
| 64 |
Reshoring & American Manufacturing
| -$12.7M | $106M | $118M | 0.89 | 20 |
|
| 65 |
Water
| -$15.5M | $744M | $760M | 0.98 | 67 |
|
| 66 |
Virtual & Augmented Reality
| -$18.9M | $98M | $117M | 0.84 | 20 |
|
| 67 |
Water
Water Infrastructure
| -$18.9M | $163M | $182M | 0.9 | 17 |
|
| 68 |
Electrification & Grid
Transmission Buildout
| -$22.1M | $79.1M | $101M | 0.78 | 6 |
|
| 69 |
Digital Assets
Crypto Exchanges
| -$27.9M | $5.17M | $33M | 0.16 | 7 |
|
| 70 |
Digital Payments & Fintech
Buy Now Pay Later
| -$49.8M | $169M | $219M | 0.77 | 13 |
|
| 71 |
Electric Vehicles
EV Charging Infrastructure
| -$56.6M | $915M | $972M | 0.94 | 21 |
|
| 72 |
Agriculture & Food Technology
Precision Agriculture
| -$59.2M | $1.22B | $1.28B | 0.95 | 4 |
|
| 73 |
Critical Minerals & Rare Earths
| -$60.6M | $318M | $378M | 0.84 | 60 |
|
| 74 |
Lithium & Battery Materials
| -$62.7M | $447M | $509M | 0.88 | 47 |
|
| 75 |
Genomics & Gene Editing
Gene Therapy
| -$82.5M | $1.29B | $1.37B | 0.94 | 131 |
|
| 76 |
GLP-1 & Obesity
Obesity Second-Order Effects
| -$86.8M | $422M | $508M | 0.83 | 26 |
|
| 77 |
Internet of Things
Smart Home
| -$88M | $782M | $870M | 0.9 | 17 |
|
| 78 |
Nuclear Energy
Small Modular Reactors
| -$99.1M | $145M | $244M | 0.59 | 12 |
|
| 79 |
Digital Assets
Bitcoin Miners
| -$105M | $966M | $1.07B | 0.9 | 40 |
|
| 80 |
Digital Payments & Fintech
Neobanks
| -$106M | $451M | $557M | 0.81 | 25 |
|
| 81 |
Defense Modernization
Munitions Restocking
| -$148M | $1.74B | $1.89B | 0.92 | 11 |
|
| 82 |
Housing & Home Improvement
Homebuilders
| -$150M | $1.39B | $1.54B | 0.9 | 45 |
|
| 83 |
Nuclear Energy
Uranium Mining & Enrichment
| -$150M | $178M | $328M | 0.54 | 20 |
|
| 84 |
Space Economy
Satellite Communications
| -$151M | $111M | $262M | 0.42 | 16 |
|
| 85 |
Semiconductors
Photonics & Optical Interconnect
| -$169M | $634M | $803M | 0.79 | 20 |
|
| 86 |
Data Centers & Digital Infrastructure
| -$177M | $1.92B | $2.1B | 0.92 | 78 |
|
| 87 |
Electrification & Grid
Grid Equipment
| -$198M | $147M | $345M | 0.43 | 10 |
|
| 88 |
Data Centers & Digital Infrastructure
Power for AI
| -$214M | $377M | $591M | 0.64 | 22 |
|
| 89 |
Longevity & Aging Population
| -$251M | $1.01B | $1.27B | 0.8 | 60 |
|
| 90 |
Carbon & Pollution Control
| -$323M | $655M | $978M | 0.67 | 23 |
|
| 91 |
Oil & Gas
LNG
| -$357M | $1.04B | $1.39B | 0.74 | 32 |
|
| 92 |
Immunotherapy & Oncology
| -$369M | $15.9B | $16.3B | 0.98 | 388 |
|
| 93 |
Robotics & Automation
Warehouse & Logistics Robotics
| -$485M | $598M | $1.08B | 0.55 | 3 |
|
| 94 |
Space Economy
| -$494M | $2.39B | $2.89B | 0.83 | 64 |
|
| 95 |
Robotics & Automation
| -$585M | $2.19B | $2.77B | 0.79 | 83 |
|
| 96 |
Nuclear Energy
| -$587M | $907M | $1.49B | 0.61 | 61 |
|
| 97 |
Streaming & Digital Media
News Media
| -$594M | $373M | $967M | 0.39 | 26 |
|
| 98 |
Cannabis
| -$625M | $1.33B | $1.96B | 0.68 | 52 |
|
| 99 |
Infrastructure & Construction
| -$688M | $4.77B | $5.46B | 0.87 | 127 |
|
| 100 |
Online Travel & Experiences
| -$698M | $8.3B | $9B | 0.92 | 32 |
|
| 101 |
Robotics & Automation
Industrial Automation
| -$715M | $969M | $1.68B | 0.58 | 16 |
|
| 102 |
Energy Efficiency
| -$840M | $895M | $1.74B | 0.52 | 31 |
|
| 103 |
Autonomous Driving
Ride-Hailing & Shared Mobility
| -$917M | $4.23B | $5.14B | 0.82 | 14 |
|
| 104 |
Sports Betting & iGaming
| -$970M | $2.54B | $3.51B | 0.72 | 29 |
|
| 105 |
Streaming & Digital Media
| -$1.12B | $135B | $136B | 0.99 | 120 |
|
| 106 |
Medical Devices & Diagnostics
| -$1.36B | $11.1B | $12.4B | 0.89 | 342 |
|
| 107 |
Sin Stocks
| -$1.68B | $6.98B | $8.66B | 0.81 | 78 |
|
| 108 |
Artificial Intelligence
Chinese AI
| -$1.82B | $30.5B | $32.3B | 0.94 | 14 |
|
| 109 |
Sin Stocks
Casinos
| -$1.83B | $3.91B | $5.74B | 0.68 | 24 |
|
| 110 |
Defense Modernization
| -$1.94B | $17.6B | $19.6B | 0.9 | 163 |
|
| 111 |
Oil & Gas
| -$1.98B | $18.5B | $20.5B | 0.9 | 361 |
|
| 112 |
Cloud Computing
| -$2.25B | $156B | $158B | 0.99 | 64 |
|
| 113 |
Social Media & Creator Economy
| -$2.31B | $81.9B | $84.2B | 0.97 | 45 |
|
| 114 |
Space Economy
Earth Observation
| – | $0 | $0 | 0 | 6 |
|
| 115 |
Cybersecurity
Post-Quantum Cryptography
| – | – | – | – | 6 |
|