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).
- DLR: Country of operation United States; Class COM · Call; Shares 2025-12-31 350,600; Shares 2026-03-31 157,800.
- PLD: Country of operation United States; Class COM · Put; Shares 2025-12-31 310,400; Shares 2026-03-31 104,600.
- PGR: Country of operation United States; Class COM · Call; Shares 2025-12-31 440,500; Shares 2026-03-31 377,300.
- SYF: Country of operation United States; Class COM · Put; Shares 2025-12-31 423,200; Shares 2026-03-31 147,900.
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 |
|---|---|---|---|---|---|---|---|---|
| DLR DIGITAL RLTY TR INC | United States | COM · Call | 350,600 | 157,800 | -192,800 | $54,241,326 | $28,437,138 | -$25,804,188 |
| PLD PROLOGIS INC. | United States | COM · Put | 310,400 | 104,600 | -205,800 | $39,625,664 | $13,826,028 | -$25,799,636 |
| PGR PROGRESSIVE CORP | United States | COM · Call | 440,500 | 377,300 | -63,200 | $100,310,660 | $74,795,952 | -$25,514,708 |
| SYF SYNCHRONY FINANCIAL | United States | COM · Put | 423,200 | 147,900 | -275,300 | $35,307,576 | $10,060,158 | -$25,247,418 |
| TER TERADYNE INC | United States | COM · Put | 437,700 | 200,800 | -236,900 | $84,721,212 | $59,529,168 | -$25,192,044 |
| HWM HOWMET AEROSPACE INC | United States | COM · Put | 271,600 | 132,500 | -139,100 | $55,683,432 | $30,535,950 | -$25,147,482 |
| MCK MCKESSON CORP | United States | COM · Put | 123,000 | 87,700 | -35,300 | $100,895,670 | $75,892,072 | -$25,003,598 |
| YUM YUM BRANDS INC | United States | COM · Put | 196,200 | 30,500 | -165,700 | $29,681,136 | $4,742,140 | -$24,938,996 |
| TRV TRAVELERS COMPANIES INC | United States | COM · Call | 132,200 | 46,000 | -86,200 | $38,345,932 | $13,417,280 | -$24,928,652 |
| PSX PHILLIPS 66 | United States | COM · Call | 544,300 | 521,800 | -22,500 | $70,236,472 | $95,061,524 | +$24,825,052 |
| CMS CMS ENERGY CORP | United States | COM · Put | 356,700 | 2,800 | -353,900 | $24,944,031 | $217,224 | -$24,726,807 |
| LMND LEMONADE INC | United States | COM · Call | 855,500 | 577,300 | -278,200 | $60,894,490 | $36,185,164 | -$24,709,326 |
| FLEX FLEXTRONICS INTL LTD | Singapore | ORD · Put | 549,600 | 130,200 | -419,400 | $33,206,832 | $8,522,892 | -$24,683,940 |
| AEP AMERICAN ELEC PWR CO INC | United States | COM · Put | 262,500 | 44,100 | -218,400 | $30,268,875 | $5,780,628 | -$24,488,247 |
| XLC SELECT SECTOR SPDR TR | United States | STATE STREET COM · Call | 382,000 | 185,100 | -196,900 | $44,969,040 | $20,520,186 | -$24,448,854 |
| AR ANTERO RESOURCES CORP | United States | COM · Call | 1,606,700 | 731,800 | -874,900 | $55,366,882 | $31,057,592 | -$24,309,290 |
| SO SOUTHERN CO | United States | COM · Put | 391,700 | 103,900 | -287,800 | $34,156,240 | $10,028,428 | -$24,127,812 |
| VTI VANGUARD INDEX FDS | United States | TOTAL STK MKT · Put | 295,200 | 233,600 | -61,600 | $98,971,704 | $74,941,216 | -$24,030,488 |
| NVMI NOVA LTD | Israel | COM · Put | 83,200 | 7,600 | -75,600 | $27,322,048 | $3,300,528 | -$24,021,520 |
| SU SUNCOR ENERGY INC NEW | Canada | COM · Put | 975,600 | 295,400 | -680,200 | $43,277,616 | $19,528,894 | -$23,748,722 |
| WING WINGSTOP INC | United States | COM · Call | 169,900 | 108,500 | -61,400 | $40,519,451 | $16,814,245 | -$23,705,206 |
| AFL AFLAC INC | United States | COM · Put | 231,800 | 17,000 | -214,800 | $25,560,586 | $1,865,070 | -$23,695,516 |
| KVUE KENVUE INC | United States | COM · Put | 1,914,700 | 541,400 | -1,373,300 | $33,028,575 | $9,333,736 | -$23,694,839 |
| CDNS CADENCE DESIGN SYSTEM INC | United States | COM · Put | 153,300 | 87,400 | -65,900 | $47,918,514 | $24,285,838 | -$23,632,676 |
| ON ON SEMICONDUCTOR CORP | United States | COM · Call | 1,538,800 | 965,400 | -573,400 | $83,326,020 | $59,777,568 | -$23,548,452 |
| ALNY ALNYLAM PHARMACEUTICALS INC | United States | COM · Put | 90,100 | 37,200 | -52,900 | $35,828,265 | $12,308,364 | -$23,519,901 |
| URA GLOBAL X FDS | United States | GLOBAL X URANIUM · Call | 1,116,300 | 500,000 | -616,300 | $47,699,499 | $24,215,000 | -$23,484,499 |
| AVAV AEROVIRONMENT INC | United States | COM · Call | 278,600 | 239,900 | -38,700 | $67,390,554 | $43,913,695 | -$23,476,859 |
| NRG NRG ENERGY INC | United States | COM NEW · Put | 262,500 | 125,700 | -136,800 | $41,800,500 | $18,369,798 | -$23,430,702 |
| ET ENERGY TRANSFER L P | United States | COM UT LTD PTN · Put | 3,330,000 | 1,636,800 | -1,693,200 | $54,911,700 | $31,590,240 | -$23,321,460 |
| CORZ CORE SCIENTIFIC INC NEW | United States | COM · Put | 4,824,200 | 3,137,700 | -1,686,500 | $70,240,352 | $46,939,992 | -$23,300,360 |
| SPDR SERIES TRUST CUSIP 78464A797 | United States | STATE STREET SPD · Call | 418,700 | 36,400 | -382,300 | $25,410,903 | $2,167,620 | -$23,243,283 |
| ACHR ARCHER AVIATION INC | United States | COM CL A · Call | 5,475,600 | 3,472,900 | -2,002,700 | $41,176,512 | $17,954,893 | -$23,221,619 |
| IMO IMPERIAL OIL LTD | Canada | COM NEW · Put | 300,000 | 21,100 | -278,900 | $25,893,000 | $2,760,302 | -$23,132,698 |
| SITE SITEONE LANDSCAPE SUPPLY INC | United States | COM · Call | 227,300 | 39,100 | -188,200 | $28,312,488 | $5,204,601 | -$23,107,887 |
| AEM AGNICO EAGLE MINES LTD | Canada | COM · Call | 764,600 | 751,300 | -13,300 | $129,622,638 | $152,498,874 | +$22,876,236 |
| DOCU DOCUSIGN INC | United States | COM · Call | 729,500 | 570,600 | -158,900 | $49,897,800 | $27,052,146 | -$22,845,654 |
| PROSHARES TR CUSIP 74349Y837 | — | SHORT QQQ · Call | 801,420 | 44,100 | -757,320 | $24,202,884 | $1,419,579 | -$22,783,305 |
| FISV FISERV INC | United States | COM · Put | 944,700 | 730,700 | -214,000 | $63,455,499 | $40,773,060 | -$22,682,439 |
| IYR ISHARES TR | United States | U.S. REAL ES ETF · Call | 343,500 | 103,500 | -240,000 | $32,251,215 | $9,786,960 | -$22,464,255 |
| GTLB GITLAB INC | United States | CLASS A COM · Put | 1,142,000 | 943,600 | -198,400 | $42,859,260 | $20,419,504 | -$22,439,756 |
| DE DEERE & CO | United States | COM · Put | 301,900 | 210,000 | -91,900 | $140,555,583 | $118,293,000 | -$22,262,583 |
| BBIO BRIDGEBIO PHARMA INC | United States | COM · Call | 447,500 | 161,600 | -285,900 | $34,229,275 | $12,000,416 | -$22,228,859 |
| XLI SELECT SECTOR SPDR TR | United States | STATE STREET IND · Call | 1,588,200 | 1,386,900 | -201,300 | $246,361,584 | $224,303,337 | -$22,058,247 |
| LYV LIVE NATION ENTERTAINMENT IN | United States | COM · Put | 421,800 | 249,800 | -172,000 | $60,106,500 | $38,096,998 | -$22,009,502 |
| MNDY MONDAY COM LTD | Israel | SHS · Call | 275,600 | 270,400 | -5,200 | $40,667,536 | $18,687,344 | -$21,980,192 |
| GPN GLOBAL PMTS INC | United States | COM · Call | 579,600 | 340,900 | -238,700 | $44,861,040 | $22,942,570 | -$21,918,470 |
| FTNT FORTINET INC | United States | COM · Call | 1,303,500 | 998,800 | -304,700 | $103,510,935 | $81,621,936 | -$21,888,999 |
| XLV SELECT SECTOR SPDR TR | United States | STATE STREET HEA · Put | 1,286,200 | 1,209,100 | -77,100 | $199,103,760 | $177,266,151 | -$21,837,609 |
| EWW ISHARES INC | United States | MSCI MEXICO ETF · Put | 397,800 | 78,400 | -319,400 | $27,579,474 | $5,898,032 | -$21,681,442 |
| VRTX VERTEX PHARMACEUTICALS INC | United States | COM · Put | 114,500 | 68,100 | -46,400 | $51,909,720 | $30,409,374 | -$21,500,346 |
| XRT SPDR SERIES TRUST | United States | STATE STREET SPD · Call | 924,700 | 713,700 | -211,000 | $78,867,663 | $57,431,439 | -$21,436,224 |
| MDY STATE STR SPDR S&P MIDCAP 40 | United States | UTSER1 S&PDCRP · Call | 311,700 | 270,200 | -41,500 | $188,042,376 | $166,648,552 | -$21,393,824 |
| DVN DEVON ENERGY CORP NEW | United States | COM · Put | 1,758,800 | 857,600 | -901,200 | $64,424,844 | $43,154,432 | -$21,270,412 |
| MSGS MADISON SQUARE GRDN SPRT COR | United States | CL A · Put | 111,600 | 23,800 | -87,800 | $28,865,340 | $7,649,320 | -$21,216,020 |
| ADSK AUTODESK INC | United States | COM · Call | 224,800 | 189,400 | -35,400 | $66,543,048 | $45,342,360 | -$21,200,688 |
| TRU TRANSUNION | United States | COM · Call | 264,700 | 22,100 | -242,600 | $22,698,025 | $1,529,099 | -$21,168,926 |
| ON ON SEMICONDUCTOR CORP | United States | COM · Put | 1,181,500 | 693,900 | -487,600 | $63,978,225 | $42,966,288 | -$21,011,937 |
| FLR FLUOR CORP | United States | COM · Put | 846,300 | 269,400 | -576,900 | $33,538,869 | $12,567,510 | -$20,971,359 |
| WYNN WYNN RESORTS LTD | United States | COM · Put | 698,400 | 621,700 | -76,700 | $84,038,472 | $63,133,635 | -$20,904,837 |
| SNAP SNAP INC | United States | CL A · Put | 5,373,000 | 4,888,000 | -485,000 | $43,360,110 | $22,484,800 | -$20,875,310 |
| MP MP MATERIALS CORP | United States | COM CL A · Call | 3,717,200 | 3,462,600 | -254,600 | $187,792,944 | $167,105,076 | -$20,687,868 |
| RL RALPH LAUREN CORP | United States | CL A · Put | 94,700 | 37,300 | -57,400 | $33,486,867 | $12,830,827 | -$20,656,040 |
| VKTX VIKING THERAPEUTICS INC | United States | COM · Call | 1,435,600 | 924,600 | -511,000 | $50,504,408 | $30,086,484 | -$20,417,924 |
| TWLO TWILIO INC | United States | CL A · Call | 455,200 | 352,400 | -102,800 | $64,747,648 | $44,338,968 | -$20,408,680 |
| MRNA MODERNA INC | United States | COM · Call | 6,896,500 | 3,602,000 | -3,294,500 | $203,377,785 | $182,981,600 | -$20,396,185 |
| BMO BANK MONTREAL MEDIUM | Canada | COM · Call | 323,100 | 159,700 | -163,400 | $41,935,149 | $21,613,798 | -$20,321,351 |
| TRTX TPG RE FIN TR INC | United States | COM · Call | 2,420,800 | 69,000 | -2,351,800 | $20,843,088 | $538,890 | -$20,304,198 |
| NCLH NORWEGIAN CRUISE LINE HLDGS | United States | SHS · Call | 3,115,900 | 2,633,600 | -482,300 | $69,546,888 | $49,248,320 | -$20,298,568 |
| ADSK AUTODESK INC | United States | COM · Put | 152,400 | 104,000 | -48,400 | $45,111,924 | $24,897,600 | -$20,214,324 |
| PPLT ABRDN PLATINUM ETF TRUST | United States | PHYSCL PLATM SHS · Put | 269,700 | 169,400 | -100,300 | $50,280,171 | $30,192,162 | -$20,088,009 |
| FIS FIDELITY NATL INFORMATION SV | United States | COM · Call | 573,800 | 384,900 | -188,900 | $38,134,748 | $18,055,659 | -$20,079,089 |
| STT STATE STR CORP | United States | COM · Call | 312,600 | 160,700 | -151,900 | $40,328,526 | $20,338,192 | -$19,990,334 |
| UEC URANIUM ENERGY CORP | Canada | COM · Call | 2,567,800 | 744,000 | -1,823,800 | $29,991,904 | $10,044,000 | -$19,947,904 |
| CROX CROCS INC | United States | COM · Call | 363,900 | 135,300 | -228,600 | $31,120,728 | $11,232,606 | -$19,888,122 |
| GD GENERAL DYNAMICS CORP | United States | COM · Put | 188,100 | 126,700 | -61,400 | $63,325,746 | $43,485,974 | -$19,839,772 |
| TOST TOAST INC | United States | CL A · Put | 858,000 | 407,400 | -450,600 | $30,467,580 | $10,800,174 | -$19,667,406 |
| CM CANADIAN IMPERIAL BANK OF CO | Canada | COM · Put | 245,300 | 27,100 | -218,200 | $22,226,633 | $2,567,725 | -$19,658,908 |
| MRNA MODERNA INC | United States | COM · Put | 4,459,200 | 2,973,600 | -1,485,600 | $131,501,808 | $151,058,880 | +$19,557,072 |
| ZIM ZIM INTEGRATED SHIPPING SERV | Israel | SHS · Put | 1,982,300 | 859,000 | -1,123,300 | $42,084,229 | $22,634,650 | -$19,449,579 |
| DKS DICKS SPORTING GOODS INC | United States | COM · Call | 213,800 | 116,100 | -97,700 | $42,325,986 | $23,021,469 | -$19,304,517 |
| USB US BANCORP | United States | COM NEW · Put | 615,700 | 262,000 | -353,700 | $32,853,752 | $13,626,620 | -$19,227,132 |
| KTOS KRATOS DEFENSE & SEC SOLUTIO | United States | COM NEW · Put | 491,000 | 257,600 | -233,400 | $37,271,810 | $18,163,376 | -$19,108,434 |
| CZR CAESARS ENTERTAINMENT INC NE | United States | COM · Call | 1,866,100 | 928,800 | -937,300 | $43,648,079 | $24,548,184 | -$19,099,895 |
| EOG EOG RES INC | United States | COM · Put | 744,700 | 409,400 | -335,300 | $78,200,947 | $59,186,958 | -$19,013,989 |
| VKTX VIKING THERAPEUTICS INC | United States | COM · Put | 935,600 | 428,300 | -507,300 | $32,914,408 | $13,936,882 | -$18,977,526 |
| TOL TOLL BROTHERS INC | United States | COM · Put | 269,500 | 128,000 | -141,500 | $36,441,790 | $17,468,160 | -$18,973,630 |
| WBD WARNER BROS DISCOVERY INC | United States | COM SER A · Put | 4,345,100 | 3,870,100 | -475,000 | $125,225,782 | $106,272,946 | -$18,952,836 |
| HSY HERSHEY CO | United States | COM · Call | 287,000 | 160,500 | -126,500 | $52,228,260 | $33,366,345 | -$18,861,915 |
| Z ZILLOW GROUP INC | United States | CL C CAP STK · Put | 445,700 | 288,900 | -156,800 | $30,405,654 | $11,954,682 | -$18,450,972 |
| EMR EMERSON ELEC CO | United States | COM · Put | 241,000 | 104,300 | -136,700 | $31,985,520 | $13,665,386 | -$18,320,134 |
| KSS KOHLS CORP | United States | COM · Put | 1,621,100 | 1,160,900 | -460,200 | $33,086,651 | $14,975,610 | -$18,111,041 |
| HTZ HERTZ GLOBAL HLDGS INC | United States | COM NEW · Put | 4,121,800 | 676,600 | -3,445,200 | $21,186,052 | $3,119,126 | -$18,066,926 |
| CRSP CRISPR THERAPEUTICS AG | Switzerland | NAMEN AKT · Call | 578,700 | 258,900 | -319,800 | $30,347,028 | $12,315,873 | -$18,031,155 |
| CTSH COGNIZANT TECHNOLOGY SOLUTIO | United States | CL A · Call | 363,900 | 198,900 | -165,000 | $30,203,700 | $12,202,515 | -$18,001,185 |
| SWK STANLEY BLACK & DECKER INC | United States | COM · Put | 456,100 | 223,700 | -232,400 | $33,879,108 | $15,896,122 | -$17,982,986 |
| TTMI TTM TECHNOLOGIES INC | United States | COM · Call | 456,600 | 139,000 | -317,600 | $31,505,400 | $13,541,380 | -$17,964,020 |
| CI THE CIGNA GROUP | United States | COM · Put | 221,100 | 160,800 | -60,300 | $60,853,353 | $42,893,400 | -$17,959,953 |
| BRSL BRIGHTSTAR LOTTERY PLC | United Kingdom | SHS USD · Call | 1,220,100 | 75,800 | -1,144,300 | $18,887,148 | $965,692 | -$17,921,456 |
| NTAP NETAPP INC | United States | COM · Put | 236,800 | 73,700 | -163,100 | $25,358,912 | $7,546,143 | -$17,812,769 |