WMG · Warner Music Group Corp.

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$26.56 -0.04 (-0.15%) At close · Jul 24

Market Cap

$13.85B

521.62M

Options Chain

15-min delayed Underlying $26.56 · today Options Calculator

Positioning

Aug 21, 2026 · 25 days to expiry · 38 contracts

Put / call OI

53.23

Put-heavy positioning

Open interest

21,365

contracts outstanding

Volume

129

traded today

Max pain

$27.00

$0.44 above spot

ATM implied vol

66.5%

market's expected move

Open interest by strike

Calls Puts

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 25d Sep 18 53d Oct 16 81d Nov 20 116d Jan 15 172d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	—	92.6%	0.933	—		—	—	—	—	0
Call · $19 In the money Last — Breakeven — Implied vol 92.6% Delta 0.933 ≈93% ITM Gamma 0.02 Theta -0.016 Vega 0.01 Open interest 0 Model this call Put · $19 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	85.6%	0.915	—		—	-0.11	100.1%	—	0
Call · $20 In the money Last — Breakeven — Implied vol 85.6% Delta 0.915 ≈91% ITM Gamma 0.026 Theta -0.018 Vega 0.011 Open interest 0 Model this call Put · $20 Last — Breakeven — Implied vol 100.1% Delta -0.11 ≈11% ITM Gamma 0.027 Theta -0.026 Vega 0.016 Open interest 0 Model this put
18	40	98.1%	0.85	$6.70		—	-0.125	86.9%	—	0
Call · $21 In the money Last $6.70 Breakeven $27.70 Implied vol 98.1% Delta 0.85 ≈85% ITM Gamma 0.034 Theta -0.031 Vega 0.016 Open interest 18 Model this call Put · $21 Last — Breakeven — Implied vol 86.9% Delta -0.125 ≈12% ITM Gamma 0.034 Theta -0.025 Vega 0.016 Open interest 0 Model this put
0	—	85.1%	0.83	—		$0.47	-0.095	58.6%	1	20.8k
Call · $22 In the money Last — Breakeven — Implied vol 85.1% Delta 0.83 ≈83% ITM Gamma 0.043 Theta -0.03 Vega 0.017 Open interest 0 Model this call Put · $22 Last $0.47 Breakeven $21.53 Implied vol 58.6% Delta -0.095 ≈10% ITM Gamma 0.041 Theta -0.014 Vega 0.011 Open interest 20.8k Model this put
0	—	62.5%	0.831	—		$0.50	-0.167	62.2%	3	3
Call · $23 In the money Last — Breakeven — Implied vol 62.5% Delta 0.831 ≈83% ITM Gamma 0.057 Theta -0.022 Vega 0.017 Open interest 0 Model this call Put · $23 Last $0.50 Breakeven $22.50 Implied vol 62.2% Delta -0.167 ≈17% ITM Gamma 0.057 Theta -0.021 Vega 0.017 Open interest 3 Model this put
0	—	70.9%	0.738	—		—	-0.2	50.7%	—	0
Call · $24 In the money Last — Breakeven — Implied vol 70.9% Delta 0.738 ≈74% ITM Gamma 0.065 Theta -0.032 Vega 0.023 Open interest 0 Model this call Put · $24 Last — Breakeven — Implied vol 50.7% Delta -0.2 ≈20% ITM Gamma 0.08 Theta -0.02 Vega 0.018 Open interest 0 Model this put
0	—	53.8%	0.693	—		$0.52	-0.35	87.7%	1	17
Call · $25 In the money Last — Breakeven — Implied vol 53.8% Delta 0.693 ≈69% ITM Gamma 0.094 Theta -0.027 Vega 0.023 Open interest 0 Model this call Put · $25 Last $0.52 Breakeven $24.48 Implied vol 87.7% Delta -0.35 ≈35% ITM Gamma 0.061 Theta -0.045 Vega 0.027 Open interest 17 Model this put
0	—	65.8%	0.586	—		$0.80	-0.411	60.4%	1	102
Call · $26 In the money Last — Breakeven — Implied vol 65.8% Delta 0.586 ≈59% ITM Gamma 0.085 Theta -0.036 Vega 0.027 Open interest 0 Model this call Put · $26 Last $0.80 Breakeven $25.20 Implied vol 60.4% Delta -0.411 ≈41% ITM Gamma 0.092 Theta -0.032 Vega 0.027 Open interest 102 Model this put
Underlying $26.56
0	—	68.6%	0.503	—		$1.08	-0.5	64.3%	2	78
Call · $27 Last — Breakeven — Implied vol 68.6% Delta 0.503 ≈50% ITM Gamma 0.084 Theta -0.038 Vega 0.028 Open interest 0 Model this call Put · $27 In the money Last $1.08 Breakeven $25.92 Implied vol 64.3% Delta -0.5 ≈50% ITM Gamma 0.089 Theta -0.035 Vega 0.028 Open interest 78 Model this put
104	2	81.6%	0.448	$1.53		$1.37	-0.668	39.6%	1	0
Call · $28 Last $1.53 Breakeven $29.53 Implied vol 81.6% Delta 0.448 ≈45% ITM Gamma 0.069 Theta -0.045 Vega 0.028 Open interest 104 Model this call Put · $28 In the money Last $1.37 Breakeven $26.63 Implied vol 39.6% Delta -0.668 ≈67% ITM Gamma 0.132 Theta -0.019 Vega 0.025 Open interest 0 Model this put
9	6	86.8%	0.394	$1.20		—	-0.791	38%	—	0
Call · $29 Last $1.20 Breakeven $30.20 Implied vol 86.8% Delta 0.394 ≈39% ITM Gamma 0.064 Theta -0.047 Vega 0.025 Open interest 9 Model this call Put · $29 In the money Last — Breakeven — Implied vol 38% Delta -0.791 ≈79% ITM Gamma 0.109 Theta -0.015 Vega 0.019 Open interest 0 Model this put
135	2	58.9%	0.242	$0.85		—	-0.82	46.6%	—	0
Call · $30 Last $0.85 Breakeven $30.85 Implied vol 58.9% Delta 0.242 ≈24% ITM Gamma 0.077 Theta -0.026 Vega 0.02 Open interest 135 Model this call Put · $30 In the money Last — Breakeven — Implied vol 46.6% Delta -0.82 ≈82% ITM Gamma 0.081 Theta -0.016 Vega 0.02 Open interest 0 Model this put
28	5	47.8%	0.125	$0.25		—	-0.905	42.7%	—	0
Call · $31 Last $0.25 Breakeven $31.25 Implied vol 47.8% Delta 0.125 ≈12% ITM Gamma 0.062 Theta -0.014 Vega 0.013 Open interest 28 Model this call Put · $31 In the money Last — Breakeven — Implied vol 42.7% Delta -0.905 ≈91% ITM Gamma 0.058 Theta -0.009 Vega 0.013 Open interest 0 Model this put
0	—	63.6%	0.151	—		—	—	—	—	0
Call · $32 Last — Breakeven — Implied vol 63.6% Delta 0.151 ≈15% ITM Gamma 0.053 Theta -0.021 Vega 0.014 Open interest 0 Model this call Put · $32 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	99.3%	0.244	—		—	—	—	—	0
Call · $33 Last — Breakeven — Implied vol 99.3% Delta 0.244 ≈24% ITM Gamma 0.045 Theta -0.043 Vega 0.021 Open interest 0 Model this call Put · $33 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	83.1%	0.153	—		—	—	—	—	0
Call · $34 Last — Breakeven — Implied vol 83.1% Delta 0.153 ≈15% ITM Gamma 0.041 Theta -0.028 Vega 0.014 Open interest 0 Model this call Put · $34 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	92.4%	0.155	—		—	—	—	—	0
Call · $35 Last — Breakeven — Implied vol 92.4% Delta 0.155 ≈15% ITM Gamma 0.037 Theta -0.031 Vega 0.014 Open interest 0 Model this call Put · $35 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	94.5%	0.138	—		—	—	—	—	0
Call · $36 Last — Breakeven — Implied vol 94.5% Delta 0.138 ≈14% ITM Gamma 0.033 Theta -0.029 Vega 0.014 Open interest 0 Model this call Put · $36 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
100	65	75.1%	0.058	$0.16		—	—	—	—	0
Call · $37 Last $0.16 Breakeven $37.16 Implied vol 75.1% Delta 0.058 ≈6% ITM Gamma 0.022 Theta -0.012 Vega 0.008 Open interest 100 Model this call Put · $37 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1319161 CUSIP 934550203 13F (30d) 63 filings 63 filers Visit website Investor relations