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Tilray Brands Inc TLRY

Alternate Symbol(s):  T.TLRY

Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis operations, Distribution business, Beverage alcohol business and Wellness business. The Cannabis operations, which encompasses the production, distribution, sale, co-manufacturing and advisory services of both medical and adult-use cannabis. The Beverage alcohol operations, which encompasses the production, marketing and sale of beverage alcohol products. The Distribution operations, which encompasses the purchase and resale of pharmaceuticals products to customers. The Wellness products, which encompasses hemp foods and cannabidiol (CBD) products. The Company offers a portfolio of adult-use brands and products and expands its portfolio to include new cannabis products and formats. Its brands include Good Supply, RIFF, Broken Coast, Solei, Canaca, HEXO, Redecan, Original Stash, Hop Valley, Revolver, Bake Sale, XMG, Mollo, and others.


NDAQ:TLRY - Post by User

Post by av8tor42on Nov 29, 2021 10:46am
325 Views
Post# 34175682

Implied Volatility Surging for Tilray Stock Options...

Implied Volatility Surging for Tilray Stock Options...

Investors in Tilray (TLRY Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 17, 2021 $15.00 Call had some of the highest implied volatility of all equity options today.

 

What is Implied Volatility?

Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

 

What do the Analysts Think?

Clearly, options traders are pricing in a big move for Tilray shares, but what is the fundamental picture for the company? Currently, Tilray is a Zacks Rank #3 (Hold) in the Medical - Drugs industry that ranks in the Bottom 39% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while four analysts have revised their estimates downward. The net effect has widened our Zacks Consensus Estimate for the current quarter from a loss of 4 cents per share to a loss of 9 cents in that period.

 

Given the way analysts feel about Tilray right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

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