Options Brief: Borders Group, Inc. (BGP)

Shares of Borders Group, Inc. BGP are lower on the session by 17.78%, trading at $0.954. Overall put volume is now running at 32.76x the daily average, with 29% of all puts traded being purchases on the offer. 1,114 contracts have traded on the session so far. Borders Group, Inc. is an operator of book, music and movie superstores and mall-based bookstores. As of January 30, 2010, Borders operated 511 superstores under the Borders name, including 508 in the United States and three in Puerto Rico.