CITADEL ADVISORS LLC quarter change: USA Options, Reduced
In put and call options, at their filed underlying value (listed in the US), from the quarter ended 2025-12-31 to 2026-03-31, CITADEL ADVISORS LLC opened 961 positions, added to 2,603, reduced 2,824, sold out of 754 and left 19 unchanged. The largest increase in value was SPY (+$4,441,962,988); the largest decrease was TSLA (-$6,131,236,722).
- CBL: Country of operation United States; Class COMMON STOCK · Call; Shares 2025-12-31 13,000; Shares 2026-03-31 5,900.
- SGOL: Country of operation United States; Class PHYSCL GOLD SHS · Call; Shares 2025-12-31 39,200; Shares 2026-03-31 30,400.
- VOE: Country of operation United States; Class MCAP VL IDXVIP · Call; Shares 2025-12-31 3,300; Shares 2026-03-31 1,800.
- WY: Country of operation United States; Class COM NEW · Put; Shares 2025-12-31 519,200; Shares 2026-03-31 513,800.
Two Form 13F-HR filings compared (SEC CIK 1423053): 2025-12-31 (filed 2026-02-17) and 2026-03-31 (filed 2026-05-15). 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 2025-12-31 | Shares 2026-03-31 | Share change | Value 2025-12-31 | Value 2026-03-31 | Value change |
|---|---|---|---|---|---|---|---|---|
| CBL CBL & ASSOC PPTYS INC | United States | COMMON STOCK · Call | 13,000 | 5,900 | -7,100 | $481,000 | $226,737 | -$254,263 |
| SGOL ETFS GOLD TR | United States | PHYSCL GOLD SHS · Call | 39,200 | 30,400 | -8,800 | $1,610,336 | $1,356,448 | -$253,888 |
| VOE VANGUARD INDEX FDS | United States | MCAP VL IDXVIP · Call | 3,300 | 1,800 | -1,500 | $585,321 | $331,704 | -$253,617 |
| WY WEYERHAEUSER CO | United States | COM NEW · Put | 519,200 | 513,800 | -5,400 | $12,299,848 | $12,552,134 | +$252,286 |
| VTS VITESSE ENERGY INC | United States | COMMON STOCK · Call | 37,600 | 26,000 | -11,600 | $724,176 | $472,160 | -$252,016 |
| DOO BRP INC | Canada | COM SUN VTG · Put | 6,700 | 3,100 | -3,600 | $474,092 | $222,611 | -$251,481 |
| ZURA ZURA BIO LTD | Cayman Islands | CLASS A ORD SHS · Put | 64,000 | 14,200 | -49,800 | $335,360 | $84,490 | -$250,870 |
| CSX CSX CORP | United States | COM · Call | 914,400 | 801,400 | -113,000 | $33,147,000 | $32,897,470 | -$249,530 |
| NNOX NANO X IMAGING LTD | Israel | ORD SHS · Call | 127,000 | 47,200 | -79,800 | $355,600 | $107,144 | -$248,456 |
| BLCO BAUSCH PLUS LOMB CORP | Canada | COMMON SHARES · Call | 36,600 | 23,700 | -12,900 | $625,128 | $376,830 | -$248,298 |
| VVV VALVOLINE INC | United States | COM · Put | 15,600 | 6,100 | -9,500 | $453,336 | $205,448 | -$247,888 |
| SGHC SUPER GROUP SGHC LIMITED | Guernsey | ORD SHS · Put | 85,700 | 71,900 | -13,800 | $1,024,115 | $776,520 | -$247,595 |
| DHC DIVERSIFIED HEALTHCARE TR | United States | COM SH BEN INT · Put | 68,500 | 13,000 | -55,500 | $332,225 | $86,320 | -$245,905 |
| SPDR SERIES TRUST CUSIP 78464A763 | United States | STATE STREET SPD · Call | 6,800 | 4,800 | -2,000 | $946,288 | $700,512 | -$245,776 |
| GEL GENESIS ENERGY L P | United States | UNIT LTD PARTN · Call | 43,700 | 24,600 | -19,100 | $681,720 | $438,618 | -$243,102 |
| CPK CHESAPEAKE UTILS CORP | United States | COM · Call | 6,800 | 4,800 | -2,000 | $848,368 | $606,576 | -$241,792 |
| NMIH NMI HLDGS INC | United States | COM · Call | 51,900 | 50,000 | -1,900 | $2,117,001 | $1,875,500 | -$241,501 |
| CUBE CUBESMART | United States | COM · Put | 14,900 | 8,100 | -6,800 | $537,145 | $296,865 | -$240,280 |
| KULR KULR TECHNOLOGY GROUP INC | United States | COM · Call | 179,421 | 123,704 | -55,717 | $531,086 | $293,178 | -$237,908 |
| MBX MBX BIOSCIENCES INC | United States | COM · Call | 16,900 | 9,900 | -7,000 | $533,026 | $295,515 | -$237,511 |
| IMRX IMMUNEERING CORP | United States | CLASS A COM · Call | 51,700 | 19,500 | -32,200 | $340,186 | $102,765 | -$237,421 |
| SUN SUNOCO LP/SUNOCO FIN CORP | United States | COM UT REP LP · Put | 27,700 | 18,700 | -9,000 | $1,451,757 | $1,214,939 | -$236,818 |
| TIDAL TRUST II CUSIP 88636X724 | — | YIELDMAX AMD OPT · Call | 13,260 | 8,600 | -4,660 | $504,543 | $268,836 | -$235,707 |
| UPEXI INC CUSIP 39959A205 | United States | COM NEW · Put | 229,200 | 152,500 | -76,700 | $385,056 | $150,304 | -$234,752 |
| ETF OPPORTUNITIES TRUST CUSIP 26923N595 | — | T REX 2X LNG ALP · Call | 8,100 | 5,900 | -2,200 | $565,218 | $330,577 | -$234,641 |
| TSHA TAYSHA GENE THERAPIES INC | United States | COM SHS · Put | 82,000 | 48,500 | -33,500 | $451,000 | $216,795 | -$234,205 |
| MSDL MORGAN STANLEY DIRECT LENDIN | United States | COM SHS · Call | 78,100 | 75,500 | -2,600 | $1,287,088 | $1,053,980 | -$233,108 |
| NBTB NBT BANCORP INC | United States | COM · Call | 13,300 | 7,500 | -5,800 | $552,216 | $319,350 | -$232,866 |
| CMCO COLUMBUS MCKINNON CORP N Y | United States | COM · Call | 24,500 | 13,100 | -11,400 | $422,625 | $190,343 | -$232,282 |
| PRIM PRIMORIS SVCS CORP | United States | COM · Call | 28,900 | 26,700 | -2,200 | $3,587,646 | $3,819,168 | +$231,522 |
| TASK TASKUS INC | United States | CLASS A COM · Put | 35,000 | 27,000 | -8,000 | $412,650 | $181,170 | -$231,480 |
| APLE APPLE HOSPITALITY REIT INC | United States | COM NEW · Call | 178,500 | 163,700 | -14,800 | $2,115,225 | $1,884,187 | -$231,038 |
| VISIONWAVE HOLDINGS INC CUSIP 927950105 | United States | COM · Put | 42,000 | 33,500 | -8,500 | $388,920 | $158,790 | -$230,130 |
| FIDELITY SOLANA FD CUSIP 31641G104 | — | BENEFICIAL INT · Call | 22,800 | 10,600 | -12,200 | $332,652 | $103,350 | -$229,302 |
| DORM DORMAN PRODS INC | United States | COM · Call | 8,800 | 8,200 | -600 | $1,084,072 | $855,752 | -$228,320 |
| ITRN ITURAN LOCATION AND CONTROL | Israel | SHS · Call | 13,500 | 7,200 | -6,300 | $580,635 | $352,872 | -$227,763 |
| KYMR KYMERA THERAPEUTICS INC | United States | COM · Put | 13,500 | 9,900 | -3,600 | $1,050,435 | $824,571 | -$225,864 |
| AMN AMN HEALTHCARE SVCS INC | United States | COM · Put | 93,900 | 68,500 | -25,400 | $1,479,864 | $1,256,290 | -$223,574 |
| ASPN ASPEN AEROGELS INC | United States | COM · Put | 174,800 | 79,500 | -95,300 | $494,684 | $271,890 | -$222,794 |
| NAKA NAKAMOTO INC | United States | COM · Put | 711,500 | 125,100 | -586,400 | $249,808 | $27,635 | -$222,173 |
| EU ENCORE ENERGY CORP | United States | COM NEW · Put | 242,300 | 210,600 | -31,700 | $600,904 | $379,080 | -$221,824 |
| CTRN CITI TRENDS INC | United States | COM · Put | 14,300 | 8,600 | -5,700 | $594,308 | $372,552 | -$221,756 |
| FFAI FARADAY FUTURE INTLGT ELEC I | United States | COM NEW CL A · Put | 289,210 | 269,600 | -19,610 | $294,994 | $74,086 | -$220,908 |
| HXL HEXCEL CORP NEW | United States | COM · Put | 20,500 | 16,000 | -4,500 | $1,514,950 | $1,294,880 | -$220,070 |
| SIMPLIFY EXCHANGE TRADED FUN CUSIP 82889N863 | — | VOLATILITY PREM · Call | 60,300 | 54,700 | -5,600 | $1,058,868 | $839,098 | -$219,770 |
| SNCY SUN CTRY AIRLS HLDGS INC | United States | COM · Put | 39,600 | 21,200 | -18,400 | $569,844 | $350,224 | -$219,620 |
| PWB INVESCO EXCHANGE TRADED FD T | United States | LARGE CAP GROWTH · Call | 4,000 | 2,300 | -1,700 | $508,440 | $289,639 | -$218,801 |
| ROUNDHILL ETF TRUST CUSIP 77926X668 | — | MAGNIFICENT SEVE · Call | 8,600 | 5,400 | -3,200 | $458,552 | $239,868 | -$218,684 |
| MSEX MIDDLESEX WTR CO | United States | COM · Call | 19,500 | 14,700 | -4,800 | $983,190 | $765,135 | -$218,055 |
| OGS ONE GAS INC | United States | COM · Put | 7,500 | 4,200 | -3,300 | $579,375 | $361,746 | -$217,629 |
| QSI QUANTUM SI INC | United States | COM CL A · Call | 261,000 | 90,200 | -170,800 | $287,100 | $69,815 | -$217,285 |
| TIPT TIPTREE INC | United States | COM · Put | 30,500 | 20,100 | -10,400 | $557,235 | $340,092 | -$217,143 |
| DLB DOLBY LABORATORIES INC | United States | COM CL A · Put | 6,700 | 3,600 | -3,100 | $430,274 | $216,216 | -$214,058 |
| LDI LOANDEPOT INC | United States | COM CL A · Put | 203,600 | 146,300 | -57,300 | $421,452 | $207,746 | -$213,706 |
| SIRI SIRIUSXM HOLDINGS INC | United States | COMMON STOCK · Put | 849,040 | 726,300 | -122,740 | $16,976,555 | $16,763,004 | -$213,551 |
| SHOO MADDEN STEVEN LTD | United States | COM · Call | 11,400 | 7,700 | -3,700 | $474,696 | $261,184 | -$213,512 |
| GRABAGUN DIGITAL HLDGS INC CUSIP 38387Q105 | United States | COMMON STOCK · Call | 119,300 | 48,400 | -70,900 | $359,093 | $145,684 | -$213,409 |
| CNM CORE & MAIN INC | United States | CL A · Put | 29,200 | 26,400 | -2,800 | $1,517,524 | $1,304,160 | -$213,364 |
| IDA IDACORP INC | United States | COM · Call | 8,800 | 6,300 | -2,500 | $1,113,728 | $900,711 | -$213,017 |
| NMAX NEWSMAX INC | United States | COM SHS CLASS B · Call | 49,000 | 31,900 | -17,100 | $378,770 | $166,518 | -$212,252 |
| ETFIS SER TR I CUSIP 26923G822 | — | VIRTUS INFRCAP · Put | 50,300 | 42,900 | -7,400 | $1,083,965 | $873,444 | -$210,521 |
| NNOX NANO X IMAGING LTD | Israel | ORD SHS · Put | 166,300 | 112,400 | -53,900 | $465,640 | $255,148 | -$210,492 |
| EMBC EMBECTA CORP | United States | COMMON STOCK · Call | 25,200 | 10,100 | -15,100 | $299,376 | $89,284 | -$210,092 |
| INVESTMENT MANAGERS SER TR I CUSIP 46092D590 | — | TRADR 2X LONG CL · Call | 19,400 | 12,400 | -7,000 | $314,474 | $104,904 | -$209,570 |
| PPA INVESCO EXCHANGE TRADED FD T | United States | AEROSPACE DEFN · Put | 6,200 | 4,600 | -1,600 | $971,106 | $762,220 | -$208,886 |
| BYRN BYRNA TECHNOLOGIES INC | United States | COM NEW · Put | 20,500 | 14,800 | -5,700 | $344,195 | $135,864 | -$208,331 |
| PACB PACIFIC BIOSCIENCES CALIF IN | United States | COM · Put | 149,200 | 53,900 | -95,300 | $279,004 | $71,148 | -$207,856 |
| GBX GREENBRIER COS INC | United States | COM · Put | 15,200 | 9,600 | -5,600 | $710,448 | $505,440 | -$205,008 |
| GRANITESHARES ETF TR CUSIP 38747R371 | United States | YIELDBOOST COIN · Put | 43,500 | 32,000 | -11,500 | $341,475 | $136,960 | -$204,515 |
| ATMU ATMUS FILTRATION TECHNOLOGIE | United States | COM · Put | 10,500 | 6,000 | -4,500 | $545,055 | $340,620 | -$204,435 |
| ARX ACCELERANT HOLDINGS | Cayman Islands | CL A · Call | 40,100 | 33,800 | -6,300 | $655,635 | $451,568 | -$204,067 |
| DOMINARI HOLDINGS INC CUSIP 008875304 | United States | COM NEW · Call | 57,600 | 25,200 | -32,400 | $285,120 | $81,900 | -$203,220 |
| SNA SNAP ON INC | United States | COM · Put | 4,700 | 3,900 | -800 | $1,619,620 | $1,416,558 | -$203,062 |
| KLC KINDERCARE LEARNING COMPANIE | United States | COM · Put | 82,600 | 70,700 | -11,900 | $356,832 | $155,540 | -$201,292 |
| INVA INNOVIVA INC | United States | COM · Call | 31,400 | 18,400 | -13,000 | $627,686 | $428,720 | -$198,966 |
| TERRA INNOVATUM GLOBAL NV CUSIP N85083108 | — | ORD SHS · Call | 84,500 | 41,300 | -43,200 | $390,390 | $191,632 | -$198,758 |
| MTW MANITOWOC CO INC | United States | COM NEW · Call | 36,200 | 20,200 | -16,000 | $434,038 | $235,330 | -$198,708 |
| SNCY SUN CTRY AIRLS HLDGS INC | United States | COM · Call | 44,000 | 26,300 | -17,700 | $633,160 | $434,476 | -$198,684 |
| SGMT SAGIMET BIOSCIENCES INC | United States | COM SER A · Call | 92,600 | 66,900 | -25,700 | $548,192 | $349,553 | -$198,639 |
| INVESCO CURRENCYSHARES BRIT CUSIP 46138M109 | — | BRIT POUN STRL · Call | 3,100 | 1,600 | -1,500 | $402,225 | $203,760 | -$198,465 |
| WSC WILLSCOT HLDGS CORP | United States | COM CL A · Call | 65,100 | 59,200 | -5,900 | $1,225,833 | $1,027,712 | -$198,121 |
| GDYN GRID DYNAMICS HLDGS INC | United States | CL A · Call | 29,600 | 12,300 | -17,300 | $267,288 | $70,110 | -$197,178 |
| LBRDK LIBERTY BROADBAND CORP | United States | COM SER C · Call | 8,300 | 4,100 | -4,200 | $403,380 | $206,230 | -$197,150 |
| SPINNAKER ETF SERIES CUSIP 84858T772 | United States | SELECT STOXX EUR · Call | 27,400 | 23,500 | -3,900 | $1,154,362 | $957,390 | -$196,972 |
| PROSHARES TR CUSIP 74350P659 | — | ULTRAPRO SHORT S · Call | 87,820 | 73,525 | -14,295 | $4,366,410 | $4,171,809 | -$194,601 |
| SSRM SSR MINING IN | Canada | COM · Call | 296,400 | 214,400 | -82,000 | $6,497,088 | $6,303,360 | -$193,728 |
| AZZ AZZ INC | United States | COM · Put | 3,900 | 1,800 | -2,100 | $418,002 | $225,234 | -$192,768 |
| BLBD BLUE BIRD CORP | United States | COM · Put | 18,100 | 11,600 | -6,500 | $850,700 | $658,764 | -$191,936 |
| TUR ISHARES INC | United States | MSCI TURKEY ETF · Put | 22,400 | 15,000 | -7,400 | $771,008 | $579,750 | -$191,258 |
| BIO BIO RAD LABS INC | United States | CL A · Call | 2,100 | 1,600 | -500 | $636,279 | $446,000 | -$190,279 |
| TROX TRONOX HOLDINGS PLC | United States | SHS · Put | 190,100 | 100,600 | -89,500 | $792,717 | $982,862 | +$190,145 |
| SUI GROUP HOLDINGS LIMITED CUSIP 59982U200 | United States | COM NEW · Call | 259,300 | 201,800 | -57,500 | $433,031 | $244,178 | -$188,853 |
| CAL CALERES INC | United States | COM · Call | 89,100 | 85,000 | -4,100 | $1,084,347 | $895,900 | -$188,447 |
| PTEN PATTERSON-UTI ENERGY INC | United States | COM · Put | 101,900 | 40,100 | -61,800 | $622,609 | $434,283 | -$188,326 |
| RHP RYMAN HOSPITALITY PPTYS INC | United States | COM · Put | 9,000 | 7,200 | -1,800 | $851,580 | $664,344 | -$187,236 |
| DIREXION SHARES ETF TRUST CUSIP 25461A460 | — | DAILY FTSE CHINA · Put | 91,250 | 85,135 | -6,115 | $2,294,025 | $2,480,834 | +$186,809 |
| KNF KNIFE RIVER CORP | United States | COMMON STOCK · Call | 8,100 | 4,700 | -3,400 | $569,835 | $383,755 | -$186,080 |
| CWEN CLEARWAY ENERGY INC | United States | CL C · Put | 26,600 | 17,800 | -8,800 | $884,716 | $699,362 | -$185,354 |
| AEHR AEHR TEST SYS | United States | COM · Put | 287,600 | 151,600 | -136,000 | $5,806,644 | $5,621,328 | -$185,316 |
| XRN CHIRON REAL ESTATE INC | United States | COM NEW · Put | 16,760 | 11,500 | -5,260 | $565,482 | $380,420 | -$185,062 |