Top Multi-Leg Option Trades
The largest option spread trades by contracts across all stocks and ETFs, with what the next morning's open interest showed - opening, closing or a roll - the stock price when the spread traded, and whether the position it opened is still there.
The 100 largest multi-leg trades of 200 or more contracts from Oct 15, 2026 through Nov 13, 2026, ranked by contracts.
| # |
Date |
Stock |
Spread Type |
Legs |
Contracts |
Net Premium |
Stock Ref. (VWAP) |
OI Interpretation |
Still Open? |
| 1 |
Nov 4, 2026 |
DAL |
Christmas Tree Call Butterfly |
18-Dec-2687.5[115141x] : 95[272677x] : 105[157536x] C |
545,354 |
$5.0M |
88.50 |
- |
-
|
| 2-100 |
The next 99 largest trades, with their open interest and whether they're still open, are for Premium members.
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How to read this page
- One row per spread per day. All the prints of the same strategy on the same options that day, added together - the rows of the Multi-Leg Trade Screener. Ranked by contracts, added across every leg, from spreads of 200 or more contracts. 5 days = the last 5 trading sessions; 30, 60 and 90 days are calendar days.
- Net Premium = the spread's net price per spread × the number of spreads × 100. Stock Ref. (VWAP) = the stock's price at each of the spread's prints, weighted by the print's contracts - where the stock was when the trade happened.
- OI Interpretation is the screener's OI Reconciliation (Day After): the change in open interest on every leg the next trading morning. Opening = it rose on every leg; Closing = it fell on every leg; Rolling Up / Down / Out = it fell on some legs and rose on others. Pending until that open interest is published.
- Still Open? follows the contracts the trade opened (all legs of an Opening, the legs a roll opened) in each leg's latest open interest: Still open = 75% or more remain, Partly closed = 25% to 75%, Mostly closed = under 25%, Expired = past expiration. Hover a cell for the numbers. It is an estimate: open interest counts every trader's contracts, so other trades on the same strikes move it too.
- Premium members can open any trade for every print, each leg's prices and open interest, and the same spread on other dates. A stock's own largest trades are also on its Option Trades page.
