Live Nation Stock Stumbles Amid Lawsuit Rumors

Core Viewpoint - Live Nation Entertainment Inc (NYSE:LYV) is facing a lawsuit from the Department of Justice and several states regarding antitrust violations related to Ticketmaster's monopoly on concert ticket sales, leading to a 5.5% drop in stock price to $95.90 [1] Group 1: Stock Performance - The stock is on track for its worst single-session decline since a 7.6$107.24 reached on March 28 and are maintaining year-to-date breakeven levels [2] Group 2: Options Activity - There has been significant activity in options trading, with 2,473 puts traded, which is 11 times the average intraday volume [2] - The June 87.50 put is the most active contract this morning, indicating new positions being opened [2] Group 3: Volatility and Pricing - Options are currently reasonably priced, with a Schaeffer's Volatility Index (SVI) of 25%, which is in the low 13th percentile of its annual range, suggesting low volatility expectations among options traders [3]