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TLRY

Feb 15 2021

TLRY & Pot Stock Gamma

Scatter plot of TLRY 25-delta option IV in Jan-Feb 2021 showing calls, puts and high IV annotations.

When a stock trades higher at a very rapid pace the price of the stock can pass the highest available options strike. For instance, at the start of the day on 2/9/21 the available call options strikes for Tilray (TLRY) ranged from ~5-$50. However the stock ripped over 50%, passing the 50 strike. When a […]

Written by SpotGamma · Categorized: Market Analysis, Stock · Tagged: gamma squeeze, implied volatility, TLRY

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