Tilray Brands (TLRY) Options Chain

NASDAQ: TLRYHealth Care Medicinal Chemicals and Botanical Products USD

3.54-0.05 (-1.39%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $3.54
Put/call ratio (OI): 0.80
Put/call ratio (volume): 0.10
ATM implied volatility: 60.9%
Expected move: ±$0.7141
Open interest (C / P): 6.67K / 5.35K

TLRY options summary

The TLRY options chain for the November 20, 2026 expiration lists 10 call and 8 put contracts, with 40 days until expiration. Open interest stands at 6,665 calls and 5,348 puts, a put/call ratio of 0.80, which is fairly balanced between calls and puts. At-the-money implied volatility near the $3.50 strike is 60.9%, which implies the market expects a move of about ±$0.7141 (20.2%) in Tilray Brands stock by expiration.

The most open interest sits at the $5.00 call (3.88K contracts) and the $3.00 put (5.01K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

TLRY options chain · November 20, 2026

TLRY calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
3	2	298.4%	2.76	2.20	3.05	1.00	—	—	—	—	—	—
—	—	—	—	—	—	2.50	0.00	0.06	0.04	76.6%	100	8
35	5	90.2%	0.61	0.59	0.85	3.00	0.09	0.20	0.14	80.5%	1	5,008
41	21	71.1%	0.34	0.31	0.40	3.50	0.10	0.34	0.37	50.8%	6	213
TLRY $3.54
536	27	52.3%	0.14	0.02	0.17	4.00	0.40	0.75	0.60	57.4%	21	102
691	34	68.8%	0.07	0.06	0.08	4.50	0.84	1.93	0.97	154.3%	2	4
3,880	956	92.2%	0.03	0.03	0.14	5.00	1.05	2.01	1.47	86.7%	1	11
776	2	96.1%	0.02	0.01	0.10	5.50	1.18	2.49	1.67	219.5%	—	1
479	293	128.9%	0.03	0.01	0.20	6.00	—	—	—	—	—	—
159	11	112.5%	0.04	0.01	0.04	7.00	2.80	4.05	3.05	278.1%	—	1
65	1	175.8%	0.01	0.00	0.23	8.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the TLRY put/call ratio?

For the November 20, 2026 expiration, the TLRY put/call ratio based on open interest is 0.80 (5,348 puts vs 6,665 calls), and 0.10 based on today's volume. A ratio above 1 means more puts than calls.

What is TLRY's implied volatility?

At-the-money implied volatility for TLRY options expiring November 20, 2026 is about 60.9%, an annualized estimate of how much the market expects Tilray Brands stock to move.

How many TLRY option expiration dates are there?

TLRY has 11 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.