Options Brief: Warner Music Group Corp. (WMG)

Shares of Warner Music Group Corp. (NYSE: WMG) are higher on the session by 2.28%, trading at $8.08.

Overall put volume is now running at 100.60x the daily average, with 22% of all puts traded being purchases on the offer. 7,545 contracts have traded on the session so far.

Warner Music Group Corp. is a music content company. The company consists of two businesses: Recorded Music and Music Publishing. The Recorded Music business produces revenue through the marketing, sale and licensing of recorded music in various physical, such as compact discs, long playings, and digital versatile discs and digital formats.