BANK OF MONTREAL /CAN/ quarter change: USA Options, Reduced
In put and call options, at their filed underlying value (listed in the US), from the quarter ended 2026-03-31 to 2026-06-30, BANK OF MONTREAL /CAN/ opened 127 positions, added to 111, reduced 142, sold out of 144 and left 116 unchanged. The largest increase in value was QQQ (+$2,852,445,400); the largest decrease was NVDA (-$956,925,456).
- NVDA: Country of operation United States; Class COM · Put; Shares 2026-03-31 16,044,000; Shares 2026-06-30 9,201,600.
- AMZN: Country of operation United States; Class COM · Put; Shares 2026-03-31 4,972,600; Shares 2026-06-30 867,400.
- IWM: Country of operation —; Class RUSSELL 2000 ETF · Call; Shares 2026-03-31 5,491,700; Shares 2026-06-30 1,917,000.
- META: Country of operation United States; Class CL A · Put; Shares 2026-03-31 1,386,700; Shares 2026-06-30 224,500.
Two Form 13F-HR filings compared (SEC CIK 927971): 2026-03-31 (filed 2026-05-13) and 2026-06-30 (filed 2026-08-12). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move; share change is the position change.
| Stock | Country of operation | Class | Shares 2026-03-31 | Shares 2026-06-30 | Share change | Value 2026-03-31 | Value 2026-06-30 | Value change |
|---|
NVDA
NVIDIA CORPORATION | United States | COM · Put | 16,044,000 | 9,201,600 | -6,842,400 | $2,798,073,600 | $1,841,148,144 | -$956,925,456 |
|---|
AMZN
AMAZON COM INC | United States | COM · Put | 4,972,600 | 867,400 | -4,105,200 | $1,035,643,402 | $206,736,116 | -$828,907,286 |
|---|
IWM
ISHARES TR | | RUSSELL 2000 ETF · Call | 5,491,700 | 1,917,000 | -3,574,700 | $1,361,941,600 | $575,962,650 | -$785,978,950 |
|---|
META
META PLATFORMS INC | United States | CL A · Put | 1,386,700 | 224,500 | -1,162,200 | $793,372,671 | $126,458,605 | -$666,914,066 |
|---|
MSFT
MICROSOFT CORP | United States | COM · Put | 1,702,300 | 364,200 | -1,338,100 | $630,140,391 | $135,853,884 | -$494,286,507 |
|---|
PLTR
PALANTIR TECHNOLOGIES INC | United States | CL A · Put | 2,756,000 | 465,800 | -2,290,200 | $403,147,680 | $54,344,886 | -$348,802,794 |
|---|
KWEB
KRANESHARES TRUST | | CSI CHI INTERNET · Call | 11,961,000 | 83,900 | -11,877,100 | $340,051,230 | $2,053,033 | -$337,998,197 |
|---|
SPY
STATE STR SPDR S&P 500 ETF T | | TR UNIT · Call | 2,603,200 | 2,587,500 | -15,700 | $1,692,965,088 | $1,932,267,375 | +$239,302,287 |
|---|
AMD
ADVANCED MICRO DEVICES INC | United States | COM · Put | 1,975,200 | 1,063,500 | -911,700 | $401,814,936 | $617,797,785 | +$215,982,849 |
|---|
TSLA
TESLA INC | United States | COM · Put | 1,125,900 | 553,700 | -572,200 | $418,553,325 | $232,886,220 | -$185,667,105 |
|---|
GDX
VANECK ETF TRUST | | GOLD MINERS ETF · Put | 2,520,000 | 750,500 | -1,769,500 | $231,260,400 | $56,625,225 | -$174,635,175 |
|---|
GOOGL
ALPHABET INC | United States | CAP STK CL A · Put | 707,900 | 173,600 | -534,300 | $203,563,724 | $62,039,432 | -$141,524,292 |
|---|
HYG
ISHARES TR | | IBOXX HI YD ETF · Put | 4,427,500 | 2,999,000 | -1,428,500 | $352,251,900 | $239,830,030 | -$112,421,870 |
|---|
NFLX
NETFLIX INC. | United States | COM · Put | 3,193,100 | 2,910,100 | -283,000 | $307,016,565 | $207,781,140 | -$99,235,425 |
|---|
MSTR
STRATEGY INC | United States | CL A NEW · Put | 733,200 | 6,000 | -727,200 | $91,503,360 | $521,580 | -$90,981,780 |
|---|
RCI
ROGERS COMMUNICATIONS INC | | CL B · Call | 3,420,000 | 1,250,000 | -2,170,000 | $131,554,066 | $40,625,581 | -$90,928,485 |
|---|
BMO
BANK MONTREAL MEDIUM | | COM · Put | 510,000 | 100,000 | -410,000 | $69,091,014 | $17,656,895 | -$51,434,119 |
|---|
BE
BLOOM ENERGY CORP | United States | COM CL A · Put | 404,900 | 25,300 | -379,600 | $54,859,901 | $7,658,310 | -$47,201,591 |
|---|
MU
MICRON TECHNOLOGY INC | United States | COM · Put | 592,800 | 143,200 | -449,600 | $200,271,552 | $165,294,328 | -$34,977,224 |
|---|
SLV
ISHARES SILVER TR | United States | ISHARES · Call | 1,880,000 | 1,746,300 | -133,700 | $128,103,200 | $93,374,661 | -$34,728,539 |
|---|
BCE
BCE INC | | COM NEW · Call | 2,331,000 | 1,245,600 | -1,085,400 | $58,826,604 | $26,804,135 | -$32,022,469 |
|---|
FCX
FREEPORT MCMORAN INC | United States | CL B · Call | 639,200 | 175,200 | -464,000 | $37,572,176 | $11,018,328 | -$26,553,848 |
|---|
KGC
KINROSS GOLD CORP | | COM · Call | 890,000 | 110,000 | -780,000 | $27,215,090 | $2,601,869 | -$24,613,221 |
|---|
IONQ
IONQ INC | United States | COM · Put | 823,000 | 88,000 | -735,000 | $23,727,090 | $4,686,880 | -$19,040,210 |
|---|
MFC
MANULIFE FINL CORP | | COM · Call | 639,700 | 75,000 | -564,700 | $22,040,302 | $3,038,730 | -$19,001,572 |
|---|
ENB
ENBRIDGE INC | | COM · Put | 401,100 | 51,400 | -349,700 | $21,747,332 | $2,784,569 | -$18,962,763 |
|---|
NOW
SERVICENOW INC | United States | COM · Put | 428,500 | 267,000 | -161,500 | $44,799,675 | $26,507,760 | -$18,291,915 |
|---|
SOFI
SOFI TECHNOLOGIES INC | United States | COM · Put | 6,022,700 | 4,354,400 | -1,668,300 | $95,640,476 | $78,074,392 | -$17,566,084 |
|---|
PBA
PEMBINA PIPELINE CORP | | COM · Call | 368,500 | 1,200 | -367,300 | $16,498,359 | $55,466 | -$16,442,893 |
|---|
BMNR
BITMINE IMMERSION TECHS INC | United States | COM NEW · Put | 2,285,900 | 2,176,100 | -109,800 | $45,215,102 | $28,963,891 | -$16,251,211 |
|---|
B
BARRICK MNG CORP | | COM SHS · Call | 788,000 | 441,000 | -347,000 | $32,209,284 | $16,199,622 | -$16,009,662 |
|---|
SU
SUNCOR ENERGY INC NEW | | COM · Call | 396,400 | 216,600 | -179,800 | $26,223,646 | $11,641,126 | -$14,582,520 |
|---|
INTC
INTEL CORP | United States | COM · Put | 325,400 | 400 | -325,000 | $14,359,902 | $55,852 | -$14,304,050 |
|---|
TD
TORONTO DOMINION BK ONT | | COM NEW · Call | 1,477,600 | 1,019,900 | -457,700 | $138,024,850 | $123,881,823 | -$14,143,027 |
|---|
MSTR
STRATEGY INC | United States | CL A NEW · Call | 112,500 | 5,100 | -107,400 | $14,040,000 | $443,343 | -$13,596,657 |
|---|
EWY
ISHARES INC | | MSCI STH KOR ETF · Put | 119,600 | 6,700 | -112,900 | $14,711,996 | $1,352,730 | -$13,359,266 |
|---|
CCJ
CAMECO CORP | | COM · Put | 100,000 | 400 | -99,600 | $10,876,919 | $40,731 | -$10,836,188 |
|---|
ENB
ENBRIDGE INC | | COM · Call | 674,700 | 479,400 | -195,300 | $36,581,713 | $25,971,248 | -$10,610,465 |
|---|
DIA
STATE STR SPDR DOW JONES IND | | UT SER 1 · Put | 20,000 | 200 | -19,800 | $9,263,800 | $104,478 | -$9,159,322 |
|---|
COIN
COINBASE GLOBAL INC | United States | COM CL A · Call | 55,000 | 4,200 | -50,800 | $9,603,550 | $613,998 | -$8,989,552 |
|---|
RKLB
ROCKET LAB CORP | United States | COM · Put | 340,200 | 300,000 | -40,200 | $21,847,644 | $30,495,000 | +$8,647,356 |
|---|
RIVN
RIVIAN AUTOMOTIVE INC | United States | COM CL A · Put | 550,000 | 80,000 | -470,000 | $8,277,500 | $1,388,000 | -$6,889,500 |
|---|
DIA
STATE STR SPDR DOW JONES IND | | UT SER 1 · Call | 15,000 | 900 | -14,100 | $6,947,850 | $470,151 | -$6,477,699 |
|---|
UBER
UBER TECHNOLOGIES INC | United States | COM · Put | 93,500 | 4,000 | -89,500 | $6,725,455 | $288,640 | -$6,436,815 |
|---|
PBA
PEMBINA PIPELINE CORP | | COM · Put | 145,600 | 2,600 | -143,000 | $6,518,755 | $120,177 | -$6,398,578 |
|---|
VZ
VERIZON COMMUNICATIONS INC | United States | COM · Call | 115,900 | 3,100 | -112,800 | $5,818,180 | $131,254 | -$5,686,926 |
|---|
T
AT&T INC | United States | COM · Put | 223,700 | 40,200 | -183,500 | $6,485,063 | $832,140 | -$5,652,923 |
|---|
BA
BOEING CO | United States | COM · Put | 28,400 | 500 | -27,900 | $5,652,452 | $108,235 | -$5,544,217 |
|---|
CNI
CANADIAN NATL RY CO | | COM · Call | 70,000 | 14,400 | -55,600 | $7,206,175 | $1,716,735 | -$5,489,440 |
|---|
T
AT&T INC | United States | COM · Call | 184,300 | 800 | -183,500 | $5,342,857 | $16,560 | -$5,326,297 |
|---|
VZ
VERIZON COMMUNICATIONS INC | United States | COM · Put | 106,000 | 500 | -105,500 | $5,321,200 | $21,170 | -$5,300,030 |
|---|
VST
VISTRA CORP | United States | COM · Put | 68,200 | 31,600 | -36,600 | $10,252,506 | $5,012,708 | -$5,239,798 |
|---|
SHOP
SHOPIFY INC | | CL A SUB VTG SHS · Put | 105,000 | 65,000 | -40,000 | $12,461,076 | $7,429,110 | -$5,031,966 |
|---|
SNOW
SNOWFLAKE INC | United States | COM SHS · Put | 96,300 | 76,600 | -19,700 | $14,523,966 | $19,494,700 | +$4,970,734 |
|---|
CP
CANADIAN PACIFIC KANSAS CITY | | COM · Call | 114,900 | 50,800 | -64,100 | $9,043,562 | $4,399,867 | -$4,643,695 |
|---|
OSCR
OSCAR HEALTH INC | United States | CL A · Put | 271,600 | 258,900 | -12,700 | $3,115,252 | $7,383,828 | +$4,268,576 |
|---|
OKLO
OKLO INC | United States | COM CL A · Put | 407,600 | 306,700 | -100,900 | $20,212,884 | $16,049,611 | -$4,163,273 |
|---|
AEM
AGNICO EAGLE MINES LTD | | COM · Call | 20,600 | 800 | -19,800 | $4,182,252 | $124,175 | -$4,058,077 |
|---|
NTR
NUTRIEN LTD | | COM · Put | 60,000 | 8,400 | -51,600 | $4,530,084 | $528,671 | -$4,001,413 |
|---|
EEM
ISHARES TR | | MSCI EMG MKT ETF · Call | 305,800 | 200,000 | -105,800 | $17,366,382 | $13,682,000 | -$3,684,382 |
|---|
BA
BOEING CO | United States | COM · Call | 18,500 | 500 | -18,000 | $3,682,055 | $108,235 | -$3,573,820 |
|---|
CEG
CONSTELLATION ENERGY CORP | United States | COM · Call | 30,000 | 20,000 | -10,000 | $8,377,500 | $4,967,400 | -$3,410,100 |
|---|
MO
ALTRIA GROUP INC | United States | COM · Call | 54,600 | 6,300 | -48,300 | $3,603,054 | $453,285 | -$3,149,769 |
|---|
GD
GENERAL DYNAMICS CORP | United States | COM · Call | 36,000 | 26,000 | -10,000 | $12,355,920 | $9,210,240 | -$3,145,680 |
|---|
RBA
RB GLOBAL INC | | COM · Put | 80,300 | 40,300 | -40,000 | $7,702,440 | $4,686,951 | -$3,015,489 |
|---|
TSLL
DIREXION SHARES ETF TRUST | | DLY TSLA BULL 2X · Put | 1,471,300 | 1,466,300 | -5,000 | $17,876,295 | $20,762,808 | +$2,886,513 |
|---|
ODV
OSISKO DEVELOPMENT CORP | | COM NEW · Call | 911,400 | 29,000 | -882,400 | $2,955,357 | $70,474 | -$2,884,883 |
|---|
F
FORD MTR CO | United States | COM · Put | 1,092,000 | 700,000 | -392,000 | $12,601,680 | $9,730,000 | -$2,871,680 |
|---|
SLF
SUN LIFE FINANCIAL INC. | | COM · Call | 195,700 | 192,100 | -3,600 | $12,262,601 | $15,067,096 | +$2,804,495 |
|---|
FXI
ISHARES TR | | CHINA LG-CAP ETF · Call | 155,600 | 95,800 | -59,800 | $5,586,040 | $3,026,322 | -$2,559,718 |
|---|
GME
GAMESTOP CORP | United States | CL A · Put | 492,000 | 398,200 | -93,800 | $11,335,680 | $8,792,256 | -$2,543,424 |
|---|
MCD
MCDONALDS CORP | United States | COM · Put | 13,400 | 6,000 | -7,400 | $4,164,586 | $1,621,860 | -$2,542,726 |
|---|
CRWD
CROWDSTRIKE HLDGS INC | United States | CL A · Call | 6,700 | 100 | -6,600 | $2,615,747 | $76,314 | -$2,539,433 |
|---|
NEE
NEXTERA ENERGY INC | United States | COM · Put | 150,000 | 130,000 | -20,000 | $13,932,000 | $11,410,100 | -$2,521,900 |
|---|
COP
CONOCOPHILLIPS | United States | COM · Put | 82,500 | 80,700 | -1,800 | $10,890,000 | $8,389,572 | -$2,500,428 |
|---|
APD
AIR PRODUCTS AND CHEMICALS I | United States | COM · Put | 7,000 | 700 | -6,300 | $2,033,430 | $205,226 | -$1,828,204 |
|---|
APD
AIR PRODUCTS AND CHEMICALS I | United States | COM · Call | 7,200 | 900 | -6,300 | $2,091,528 | $263,862 | -$1,827,666 |
|---|
MO
ALTRIA GROUP INC | United States | COM · Put | 49,000 | 20,200 | -28,800 | $3,233,510 | $1,453,390 | -$1,780,120 |
|---|
MMM
3M CO | United States | COM · Put | 12,600 | 900 | -11,700 | $1,829,898 | $145,719 | -$1,684,179 |
|---|
MMM
3M CO | United States | COM · Call | 12,600 | 900 | -11,700 | $1,829,898 | $145,719 | -$1,684,179 |
|---|
AMGN
AMGEN INC | United States | COM · Call | 9,700 | 4,800 | -4,900 | $3,412,945 | $1,738,176 | -$1,674,769 |
|---|
OR
OR ROYALTIES INC. | | COM SHS · Put | 50,000 | 10,000 | -40,000 | $1,904,252 | $316,341 | -$1,587,911 |
|---|
V
VISA INC | United States | COM CL A · Put | 7,400 | 1,900 | -5,500 | $2,236,576 | $651,871 | -$1,584,705 |
|---|
RIOT
RIOT PLATFORMS INC | United States | COM · Put | 382,000 | 114,600 | -267,400 | $4,721,520 | $3,137,748 | -$1,583,772 |
|---|
V
VISA INC | United States | COM CL A · Call | 7,500 | 2,000 | -5,500 | $2,266,800 | $686,180 | -$1,580,620 |
|---|
TXN
TEXAS INSTRS INC | United States | COM · Put | 13,500 | 3,500 | -10,000 | $2,620,890 | $1,043,245 | -$1,577,645 |
|---|
TXN
TEXAS INSTRS INC | United States | COM · Call | 13,500 | 3,500 | -10,000 | $2,620,890 | $1,043,245 | -$1,577,645 |
|---|
SPG
SIMON PPTY GROUP INC NEW | United States | COM · Call | 19,500 | 9,500 | -10,000 | $3,637,335 | $2,124,675 | -$1,512,660 |
|---|
SPG
SIMON PPTY GROUP INC NEW | United States | COM · Put | 19,500 | 9,500 | -10,000 | $3,637,335 | $2,124,675 | -$1,512,660 |
|---|
CSCO
CISCO SYS INC | United States | COM · Call | 19,000 | 200 | -18,800 | $1,474,210 | $23,492 | -$1,450,718 |
|---|
DIS
DISNEY WALT CO | United States | COM · Put | 21,800 | 6,800 | -15,000 | $2,101,084 | $654,500 | -$1,446,584 |
|---|
LH
LABCORP HOLDINGS INC | United States | COM SHS · Call | 5,600 | 200 | -5,400 | $1,494,136 | $56,000 | -$1,438,136 |
|---|
FANG
DIAMONDBACK ENERGY INC | United States | COM · Put | 7,200 | 200 | -7,000 | $1,424,088 | $35,156 | -$1,388,932 |
|---|
HUM
HUMANA INC | United States | COM · Put | 15,000 | 10,000 | -5,000 | $2,600,850 | $3,972,200 | +$1,371,350 |
|---|
DIS
DISNEY WALT CO | United States | COM · Call | 16,400 | 2,800 | -13,600 | $1,580,632 | $269,500 | -$1,311,132 |
|---|
BRKB
BERKSHIRE HATHAWAY INC DEL | | CL B NEW · Put | 7,800 | 4,900 | -2,900 | $3,737,760 | $2,451,911 | -$1,285,849 |
|---|
BRKB
BERKSHIRE HATHAWAY INC DEL | | CL B NEW · Call | 8,100 | 5,200 | -2,900 | $3,881,520 | $2,602,028 | -$1,279,492 |
|---|
EQT
EQT CORP | United States | COM · Put | 45,800 | 30,800 | -15,000 | $2,914,712 | $1,637,636 | -$1,277,076 |
|---|
SOUN
SOUNDHOUND AI INC | United States | CLASS A COM · Put | 459,000 | 290,000 | -169,000 | $3,153,330 | $1,876,300 | -$1,277,030 |
|---|
OXY
OCCIDENTAL PETE CORP | United States | COM · Call | 25,500 | 8,000 | -17,500 | $1,657,500 | $388,560 | -$1,268,940 |
|---|
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