Warner Music Group (WMG) Options Chain
NASDAQ: WMGConsumer DiscretionaryServices-Misc. Amusement & RecreationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Nov 20, 2026
- Days to expiration
- 40
- Share price
- $28.72
- Put/call ratio (OI)
- 0.04
- Put/call ratio (volume)
- 1.07
- Expected move
- ±$4.12
- Open interest (C / P)
- 5.14K / 185
WMG options summary
The WMG options chain for the November 20, 2026 expiration lists 13 call and 12 put contracts, with 40 days until expiration. Open interest stands at 5,142 calls and 185 puts, a put/call ratio of 0.04, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $29.00 strike is 43.4%, which implies the market expects a move of about ±$4.12 (14.4%) in Warner Music Group stock by expiration.
The most open interest sits at the $34.00 call (4.86K contracts) and the $25.00 put (97 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
WMG options chain · November 20, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| 9.60 | 7.60 | 11.20 | 20.00 | 0.00 | 0.00 | 0.40 | |||||
| — | — | — | 21.00 | 0.00 | 1.35 | 0.80 | |||||
| — | — | — | 22.00 | 0.00 | 2.15 | 0.31 | |||||
| 4.30 | 0.00 | 0.00 | 23.00 | 0.00 | 0.75 | 0.26 | |||||
| — | — | — | 24.00 | 0.00 | 2.25 | 0.39 | |||||
| — | — | — | 25.00 | 0.00 | 1.25 | 0.65 | |||||
| 3.68 | 1.85 | 4.60 | 26.00 | 0.00 | 2.50 | 0.71 | |||||
| 2.09 | 1.10 | 3.90 | 27.00 | 0.00 | 0.00 | 2.55 | |||||
| 1.40 | 0.85 | 2.20 | 28.00 | 0.00 | 1.35 | 1.36 | |||||
| 0.75 | 0.60 | 1.65 | 29.00 | 1.05 | 1.70 | 1.10 | |||||
| 0.80 | 0.00 | 1.50 | 30.00 | — | — | — | |||||
| 0.40 | 0.00 | 0.85 | 31.00 | 0.00 | 0.00 | 2.60 | |||||
| 0.30 | 0.00 | 2.55 | 32.00 | — | — | — | |||||
| 0.55 | 0.00 | 2.45 | 33.00 | — | — | — | |||||
| 0.16 | 0.00 | 0.95 | 34.00 | — | — | — | |||||
| 0.70 | 0.00 | 2.50 | 35.00 | — | — | — | |||||
| 2.15 | 0.00 | 0.00 | 37.00 | — | — | — | |||||
| — | — | — | 45.00 | 14.70 | 18.80 | 16.42 | |||||
In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.
Frequently asked questions
What is the WMG put/call ratio?
For the November 20, 2026 expiration, the WMG put/call ratio based on open interest is 0.04 (185 puts vs 5,142 calls), and 1.07 based on today's volume. A ratio above 1 means more puts than calls.
What is WMG's implied volatility?
At-the-money implied volatility for WMG options expiring November 20, 2026 is about 43.4%, an annualized estimate of how much the market expects Warner Music Group stock to move.
How many WMG option expiration dates are there?
WMG has 4 listed expiration dates, from Oct 16, 2026 to Apr 16, 2027.
What does "in the money" mean?
A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.