Options Brief: Fortress Investment Group (FIG)

Shares of Fortress Investment Group LLC FIG are higher on the session by 2.02%, trading at $5.04. Overall put volume is now running at 3.94x the daily average, with 31% of all puts traded being purchases on the offer. 1,416 contracts have traded on the session so far. Fortress Investment Group LLC is a global investment manager with approximately $41.7 billion in asset under management as of June 30, 2010. Fund investors provide Fortress with capital, which the company invests and manages on their behalf through private equity funds, credit funds, liquid hedge funds and traditional asset management strategies.