CITADEL ADVISORS LLC quarter change: USA Options, Sold out
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).
- DIREXION SHS ETF TR: Country of operation United States; Class DLY SCOND 3XBU · Put; Shares 2025-12-31 8,242,500; Shares 2026-03-31 0.
- DIREXION SHS ETF TR: Country of operation United States; Class DLY SCOND 3XBU · Call; Shares 2025-12-31 5,114,600; Shares 2026-03-31 0.
- DIREXION SHS ETF TR: Country of operation —; Class DAILY TSLA 2X SH · Put; Shares 2025-12-31 10,003,100; Shares 2026-03-31 0.
- CCL: Country of operation United States; Class UNIT 99/99/9999 · Put; Shares 2025-12-31 6,053,500; Shares 2026-03-31 0.
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 |
|---|---|---|---|---|---|---|---|---|
| DIREXION SHS ETF TR CUSIP 25459W458 | United States | DLY SCOND 3XBU · Put | 8,242,500 | 0 | -8,242,500 | $346,432,275 | $0 | -$346,432,275 |
| DIREXION SHS ETF TR CUSIP 25459W458 | United States | DLY SCOND 3XBU · Call | 5,114,600 | 0 | -5,114,600 | $214,966,638 | $0 | -$214,966,638 |
| DIREXION SHS ETF TR CUSIP 25460G286 | — | DAILY TSLA 2X SH · Put | 10,003,100 | 0 | -10,003,100 | $191,159,241 | $0 | -$191,159,241 |
| CCL CARNIVAL CORP | United States | UNIT 99/99/9999 · Put | 6,053,500 | 0 | -6,053,500 | $184,873,890 | $0 | -$184,873,890 |
| SPXL DIREXION SHS ETF TR | United States | DRX S&P500BULL · Call | 803,100 | 0 | -803,100 | $177,171,891 | $0 | -$177,171,891 |
| DIREXION SHS ETF TR CUSIP 25460G286 | — | DAILY TSLA 2X SH · Call | 8,560,500 | 0 | -8,560,500 | $163,591,155 | $0 | -$163,591,155 |
| SPXL DIREXION SHS ETF TR | United States | DRX S&P500BULL · Put | 648,700 | 0 | -648,700 | $143,109,707 | $0 | -$143,109,707 |
| FAS DIREXION SHS ETF TR | United States | DLY FIN BULL NEW · Call | 806,500 | 0 | -806,500 | $135,758,145 | $0 | -$135,758,145 |
| DIREXION SHS ETF TR CUSIP 25460G781 | — | DLY GOLD INDX 2X · Call | 407,500 | 0 | -407,500 | $74,918,875 | $0 | -$74,918,875 |
| DIREXION SHS ETF TR CUSIP 25459W102 | — | DLY TECH BULL 3X · Call | 596,200 | 0 | -596,200 | $70,047,538 | $0 | -$70,047,538 |
| FEZ SPDR INDEX SHS FDS | United States | EURO STOXX 50 · Put | 1,072,800 | 0 | -1,072,800 | $69,077,592 | $0 | -$69,077,592 |
| CCL CARNIVAL CORP | United States | UNIT 99/99/9999 · Call | 2,223,200 | 0 | -2,223,200 | $67,896,528 | $0 | -$67,896,528 |
| DIREXION SHS ETF TR CUSIP 25460G195 | — | DL FTSE BULL 3X · Call | 1,372,600 | 0 | -1,372,600 | $58,459,034 | $0 | -$58,459,034 |
| DIREXION SHS ETF TR CUSIP 25460G831 | — | DAILY JR GLD MIN · Call | 268,400 | 0 | -268,400 | $55,435,336 | $0 | -$55,435,336 |
| DIREXION SHS ETF TR CUSIP 25460G138 | United States | DAILY 20+ YEAR T · Call | 1,478,950 | 0 | -1,478,950 | $55,194,414 | $0 | -$55,194,414 |
| FEZ SPDR INDEX SHS FDS | United States | EURO STOXX 50 · Call | 788,900 | 0 | -788,900 | $50,797,271 | $0 | -$50,797,271 |
| DIREXION SHS ETF TR CUSIP 25460G138 | United States | DAILY 20+ YEAR T · Put | 1,271,120 | 0 | -1,271,120 | $47,438,198 | $0 | -$47,438,198 |
| DIREXION SHS ETF TR CUSIP 25460G781 | — | DLY GOLD INDX 2X · Put | 247,300 | 0 | -247,300 | $45,466,105 | $0 | -$45,466,105 |
| DIREXION SHS ETF TR CUSIP 25460G120 | — | DAILY S&P BIOTCH · Call | 262,265 | 0 | -262,265 | $41,802,418 | $0 | -$41,802,418 |
| TNA DIREXION SHS ETF TR | United States | DLY SMCAP BULL3X · Call | 905,900 | 0 | -905,900 | $41,254,686 | $0 | -$41,254,686 |
| DIREXION SHS ETF TR CUSIP 25460G153 | — | DAILY REGIONAL · Put | 332,700 | 0 | -332,700 | $33,612,681 | $0 | -$33,612,681 |
| DIREXION SHS ETF TR CUSIP 25461A841 | — | DAILY GOOGL 2X S · Call | 335,900 | 0 | -335,900 | $32,541,992 | $0 | -$32,541,992 |
| RNAM AVIDITY BIOSCIENCES INC | United States | COM · Put | 436,900 | 0 | -436,900 | $31,513,597 | $0 | -$31,513,597 |
| FAS DIREXION SHS ETF TR | United States | DLY FIN BULL NEW · Put | 185,800 | 0 | -185,800 | $31,275,714 | $0 | -$31,275,714 |
| TNA DIREXION SHS ETF TR | United States | DLY SMCAP BULL3X · Put | 668,000 | 0 | -668,000 | $30,420,720 | $0 | -$30,420,720 |
| DIREXION SHS ETF TR CUSIP 25460G153 | — | DAILY REGIONAL · Call | 294,000 | 0 | -294,000 | $29,702,820 | $0 | -$29,702,820 |
| EXAS EXACT SCIENCES CORP | United States | COM · Call | 277,100 | 0 | -277,100 | $28,142,276 | $0 | -$28,142,276 |
| DIREXION SHS ETF TR CUSIP 25461A833 | — | DAILY NVDA 2X SH · Call | 234,600 | 0 | -234,600 | $27,617,112 | $0 | -$27,617,112 |
| DIREXION SHS ETF TR CUSIP 25460G120 | — | DAILY S&P BIOTCH · Put | 164,565 | 0 | -164,565 | $26,230,015 | $0 | -$26,230,015 |
| DIREXION SHS ETF TR CUSIP 25460G187 | — | DAILY CSI 2X SH · Call | 629,500 | 0 | -629,500 | $25,249,245 | $0 | -$25,249,245 |
| DIREXION SHS ETF TR CUSIP 25459W102 | — | DLY TECH BULL 3X · Put | 211,400 | 0 | -211,400 | $24,837,386 | $0 | -$24,837,386 |
| DIREXION SHS ETF TR CUSIP 25460G195 | — | DL FTSE BULL 3X · Put | 500,000 | 0 | -500,000 | $21,295,000 | $0 | -$21,295,000 |
| CFLT CONFLUENT INC | United States | CLASS A COM · Call | 661,800 | 0 | -661,800 | $20,012,832 | $0 | -$20,012,832 |
| EXAS EXACT SCIENCES CORP | United States | COM · Put | 193,500 | 0 | -193,500 | $19,651,860 | $0 | -$19,651,860 |
| CFLT CONFLUENT INC | United States | CLASS A COM · Put | 589,400 | 0 | -589,400 | $17,823,456 | $0 | -$17,823,456 |
| DIREXION SHS ETF TR CUSIP 25461A809 | — | DAILY META BULL · Call | 517,600 | 0 | -517,600 | $16,620,136 | $0 | -$16,620,136 |
| DBX ETF TR CUSIP 25490K596 | — | DALY HOM B&S BUL · Call | 326,500 | 0 | -326,500 | $16,200,930 | $0 | -$16,200,930 |
| DIREXION SHS ETF TR CUSIP 25460E190 | — | DAILY S&P 500 B · Put | 413,610 | 0 | -413,610 | $14,670,747 | $0 | -$14,670,747 |
| DIREXION SHS ETF TR CUSIP 25461A841 | — | DAILY GOOGL 2X S · Put | 144,000 | 0 | -144,000 | $13,950,720 | $0 | -$13,950,720 |
| DBX ETF TR CUSIP 25490K596 | — | DALY HOM B&S BUL · Put | 268,800 | 0 | -268,800 | $13,337,856 | $0 | -$13,337,856 |
| VTYX VENTYX BIOSCIENCES INC | United States | COM · Put | 1,367,000 | 0 | -1,367,000 | $12,344,010 | $0 | -$12,344,010 |
| DIREXION SHS ETF TR CUSIP 25460G831 | — | DAILY JR GLD MIN · Put | 57,400 | 0 | -57,400 | $11,855,396 | $0 | -$11,855,396 |
| CHURCHILL CAP CORP X CUSIP G2130T108 | — | SHS CL A · Call | 754,900 | 0 | -754,900 | $11,776,440 | $0 | -$11,776,440 |
| CMA COMERICA INC | United States | COM · Put | 120,200 | 0 | -120,200 | $10,448,986 | $0 | -$10,448,986 |
| DIREXION SHS ETF TR CUSIP 25460G112 | — | DAILY SEMICONDUC · Call | 3,293,050 | 0 | -3,293,050 | $10,307,247 | $0 | -$10,307,247 |
| CDTX CIDARA THERAPEUTICS INC | United States | COM NEW · Call | 44,200 | 0 | -44,200 | $9,763,338 | $0 | -$9,763,338 |
| FUBO FUBOTV INC | United States | CLASS A COM SHS · Put | 3,743,300 | 0 | -3,743,300 | $9,433,116 | $0 | -$9,433,116 |
| RHI ROBERT HALF INC. | United States | COM · Put | 345,200 | 0 | -345,200 | $9,375,632 | $0 | -$9,375,632 |
| DIREXION SHS ETF TR CUSIP 25460G849 | — | 20YR TRES BEAR · Call | 243,500 | 0 | -243,500 | $9,048,460 | $0 | -$9,048,460 |
| CDTX CIDARA THERAPEUTICS INC | United States | COM NEW · Put | 36,800 | 0 | -36,800 | $8,128,752 | $0 | -$8,128,752 |
| FYBR FRONTIER COMMUNICATIONS PARE | United States | COM · Put | 213,100 | 0 | -213,100 | $8,112,717 | $0 | -$8,112,717 |
| DIREXION SHS ETF TR CUSIP 25461A858 | — | DIREXION 2X SHAR · Put | 230,900 | 0 | -230,900 | $8,069,955 | $0 | -$8,069,955 |
| DIREXION SHS ETF TR CUSIP 25461A858 | — | DIREXION 2X SHAR · Call | 224,400 | 0 | -224,400 | $7,842,780 | $0 | -$7,842,780 |
| DIREXION SHS ETF TR CUSIP 25460E232 | — | DAILY SM CP BEAR · Call | 1,019,900 | 0 | -1,019,900 | $7,659,449 | $0 | -$7,659,449 |
| DIREXION SHS ETF TR CUSIP 25460G112 | — | DAILY SEMICONDUC · Put | 2,427,630 | 0 | -2,427,630 | $7,598,482 | $0 | -$7,598,482 |
| STRIVE INC CUSIP 862945102 | United States | CL A COM · Call | 10,102,700 | 0 | -10,102,700 | $7,455,793 | $0 | -$7,455,793 |
| DIREXION SHS ETF TR CUSIP 25460G849 | — | 20YR TRES BEAR · Put | 176,900 | 0 | -176,900 | $6,573,604 | $0 | -$6,573,604 |
| QIAGEN NV CUSIP N72482206 | — | COM SHS · Put | 119,200 | 0 | -119,200 | $5,360,424 | $0 | -$5,360,424 |
| DIREXION SHS ETF TR CUSIP 25460E190 | — | DAILY S&P 500 B · Call | 148,670 | 0 | -148,670 | $5,273,325 | $0 | -$5,273,325 |
| DIREXION SHS ETF TR CUSIP 25461A478 | — | DAILY GOLD MINER · Put | 674,900 | 0 | -674,900 | $5,021,256 | $0 | -$5,021,256 |
| CMA COMERICA INC | United States | COM · Call | 57,100 | 0 | -57,100 | $4,963,703 | $0 | -$4,963,703 |
| DIREXION SHS ETF TR CUSIP 25460G500 | — | OIL GAS BL 2X SH · Call | 221,800 | 0 | -221,800 | $4,857,420 | $0 | -$4,857,420 |
| DIREXION SHS ETF TR CUSIP 25461A809 | — | DAILY META BULL · Put | 149,100 | 0 | -149,100 | $4,787,601 | $0 | -$4,787,601 |
| FYBR FRONTIER COMMUNICATIONS PARE | United States | COM · Call | 122,600 | 0 | -122,600 | $4,667,382 | $0 | -$4,667,382 |
| DIREXION SHS ETF TR CUSIP 25461A833 | — | DAILY NVDA 2X SH · Put | 39,200 | 0 | -39,200 | $4,614,624 | $0 | -$4,614,624 |
| INVESCO CURRENCYSHARES SWISS CUSIP 46138R108 | — | SWISS FRANC · Call | 40,700 | 0 | -40,700 | $4,542,120 | $0 | -$4,542,120 |
| PBT PERMIAN BASIN RTY TR | United States | UNIT BEN INT · Put | 264,100 | 0 | -264,100 | $4,484,418 | $0 | -$4,484,418 |
| DIREXION SHS ETF TR CUSIP 25460G187 | — | DAILY CSI 2X SH · Put | 109,900 | 0 | -109,900 | $4,408,089 | $0 | -$4,408,089 |
| DIREXION SHS ETF TR CUSIP 25460G609 | — | DLY ENRGY BULL2X · Call | 77,600 | 0 | -77,600 | $4,333,960 | $0 | -$4,333,960 |
| FUBO FUBOTV INC | United States | CLASS A COM SHS · Call | 1,697,700 | 0 | -1,697,700 | $4,278,204 | $0 | -$4,278,204 |
| AIV APARTMENT INVT & MGMT CO | United States | CL A · Put | 717,900 | 0 | -717,900 | $4,264,326 | $0 | -$4,264,326 |
| RNAM AVIDITY BIOSCIENCES INC | United States | COM · Call | 58,000 | 0 | -58,000 | $4,183,540 | $0 | -$4,183,540 |
| CHURCHILL CAP CORP X CUSIP G2130T108 | — | SHS CL A · Put | 266,100 | 0 | -266,100 | $4,151,160 | $0 | -$4,151,160 |
| DIREXION SHS ETF TR CUSIP 25490K869 | — | CSI 300 BULL2X · Call | 187,500 | 0 | -187,500 | $3,940,313 | $0 | -$3,940,313 |
| INDIVIOR PLC CUSIP G4766E116 | — | ORD · Call | 107,800 | 0 | -107,800 | $3,867,864 | $0 | -$3,867,864 |
| DIREXION SHS ETF TR CUSIP 25460E216 | — | DAILY FINL BEAR · Call | 100,560 | 0 | -100,560 | $3,864,521 | $0 | -$3,864,521 |
| TIDAL TRUST II CUSIP 88636J253 | — | DEF DLY TGT 2X L · Call | 927,100 | 0 | -927,100 | $3,569,335 | $0 | -$3,569,335 |
| ROUNDHILL ETF TRUST CUSIP 77926X585 | — | WEEKLYPAY UNIVRS · Call | 84,300 | 0 | -84,300 | $3,528,798 | $0 | -$3,528,798 |
| BEPC BROOKFIELD RENEWABLE CORP | United States | CL A EX SUB VTG · Call | 87,700 | 0 | -87,700 | $3,362,418 | $0 | -$3,362,418 |
| SEMLER SCIENTIFIC INC CUSIP 81684M104 | United States | COM · Call | 207,000 | 0 | -207,000 | $3,165,030 | $0 | -$3,165,030 |
| INVESTMENT MANAGERS SER TR I CUSIP 46092D103 | — | TRADR 2X LONG · Call | 89,200 | 0 | -89,200 | $3,161,248 | $0 | -$3,161,248 |
| CIVI CIVITAS RESOURCES INC | United States | COM NEW · Put | 110,400 | 0 | -110,400 | $2,990,736 | $0 | -$2,990,736 |
| DIREXION SHS ETF TR CUSIP 25459Y876 | — | HEALTHCARE BUL · Call | 26,800 | 0 | -26,800 | $2,989,808 | $0 | -$2,989,808 |
| AMCOR PLC CUSIP G0250X107 | United States | ORD · Put | 355,500 | 0 | -355,500 | $2,964,870 | $0 | -$2,964,870 |
| LTH LIFE TIME GROUP HOLDINGS INC | United States | COMMON STOCK · Put | 108,900 | 0 | -108,900 | $2,894,562 | $0 | -$2,894,562 |
| AVADEL PHARMACEUTICALS PLC CUSIP G29687103 | — | COM SHS · Put | 133,300 | 0 | -133,300 | $2,872,615 | $0 | -$2,872,615 |
| HLI HOULIHAN LOKEY INC | United States | CL A · Put | 16,300 | 0 | -16,300 | $2,839,297 | $0 | -$2,839,297 |
| EGP EASTGROUP PPTYS INC | United States | COM · Put | 15,300 | 0 | -15,300 | $2,725,542 | $0 | -$2,725,542 |
| VOLATILITY SHS TR CUSIP 92864M830 | — | 2X SOLANA ETF · Put | 419,900 | 0 | -419,900 | $2,678,962 | $0 | -$2,678,962 |
| GLDD GREAT LAKES DREDGE & DOCK CO | United States | COM · Call | 204,000 | 0 | -204,000 | $2,676,480 | $0 | -$2,676,480 |
| TIDAL TRUST II CUSIP 88636R248 | — | DEFIANCE DAILY · Call | 456,600 | 0 | -456,600 | $2,643,714 | $0 | -$2,643,714 |
| VOLATILITY SHS TR CUSIP 92864M830 | — | 2X SOLANA ETF · Call | 413,900 | 0 | -413,900 | $2,640,682 | $0 | -$2,640,682 |
| AMCOR PLC CUSIP G0250X107 | United States | ORD · Call | 307,800 | 0 | -307,800 | $2,567,052 | $0 | -$2,567,052 |
| DIREXION SHS ETF TR CUSIP 25460E216 | — | DAILY FINL BEAR · Put | 64,480 | 0 | -64,480 | $2,477,966 | $0 | -$2,477,966 |
| DIREXION SHS ETF TR CUSIP 25460E661 | — | DLY AEROSPC 3X · Call | 38,200 | 0 | -38,200 | $2,440,216 | $0 | -$2,440,216 |
| ALG ALAMO GROUP INC | United States | COM · Put | 14,500 | 0 | -14,500 | $2,434,115 | $0 | -$2,434,115 |
| GUESS INC CUSIP 401617105 | United States | COM · Call | 143,700 | 0 | -143,700 | $2,406,975 | $0 | -$2,406,975 |
| EVRG EVERGY INC | United States | COM · Put | 32,700 | 0 | -32,700 | $2,370,423 | $0 | -$2,370,423 |
| DIREXION SHS ETF TR CUSIP 25461A866 | — | DAILY MSFT 2X SH · Put | 57,100 | 0 | -57,100 | $2,366,795 | $0 | -$2,366,795 |
| DIREXION SHS ETF TR CUSIP 25461A569 | — | DAILY AVGO BULL · Call | 51,700 | 0 | -51,700 | $2,279,453 | $0 | -$2,279,453 |