Tilray Brands Unusual Options Activity For December 05

Tilray Brands Unusual Options Activity For December 05

Someone with a lot of money to spend has taken a bullish stance on Tilray Brands TLRY.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with TLRY, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Tilray Brands.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $297,100, and 7 are calls, for a total amount of $278,374.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $12.0 for Tilray Brands over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Tilray Brands's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Tilray Brands's whale activity within a strike price range from $5.0 to $12.0 in the last 30 days.

Tilray Brands Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:


Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
TLRY PUT TRADE BULLISH 01/19/24 $12.00 $123.1K 999 411
TLRY PUT TRADE BULLISH 01/19/24 $12.00 $112.4K 999 1
TLRY CALL SWEEP BULLISH 01/20/23 $5.50 $70.0K 8.8K 2.5K
TLRY PUT SWEEP BULLISH 01/19/24 $8.00 $61.5K 2.9K 1.7K
TLRY CALL TRADE BEARISH 01/17/25 $5.00 $47.6K 1.1K 0

Where Is Tilray Brands Standing Right Now?

  • With a volume of 20,656,097, the price of TLRY is up 11.13% at $5.09.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 35 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Tilray Brands, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets