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: Jan 21, 2028
Days to expiration: 468
Share price: $3.54
Put/call ratio (OI): 0.97
Put/call ratio (volume): 3.03
ATM implied volatility: 79.6%
Expected move: ±$3.19
Open interest (C / P): 19.38K / 18.78K

TLRY options summary

The TLRY options chain for the January 21, 2028 expiration lists 21 call and 18 put contracts, with 468 days until expiration. Open interest stands at 19,380 calls and 18,778 puts, a put/call ratio of 0.97, which is fairly balanced between calls and puts. At-the-money implied volatility near the $3.50 strike is 79.6%, which implies the market expects a move of about ±$3.19 (90.1%) in Tilray Brands stock by expiration.

The most open interest sits at the $30.00 call (4.05K contracts) and the $7.00 put (7.99K contracts).

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

TLRY options chain · January 21, 2028

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
1	1	215.6%	3.60	2.29	4.30	0.50	0.00	0.00	0.18	50.0%	1	1,002
98	2	70.3%	2.70	1.85	3.30	1.00	0.00	0.60	0.05	139.8%	13	45
661	53	78.9%	2.26	1.51	2.92	1.50	0.00	0.00	0.94	25.0%	154	797
752	72	92.6%	2.00	1.62	2.42	2.00	0.11	0.66	0.36	82.0%	4	131
0	1	—	2.77	0.00	0.00	2.50	0.48	0.68	0.63	77.5%	6	52
775	25	89.2%	1.48	1.30	1.80	3.00	0.70	0.95	0.90	75.0%	10	360
49	9	81.0%	1.22	1.13	1.40	3.50	0.91	1.46	1.09	78.2%	1	13
TLRY $3.54
1,590	20	81.6%	1.06	1.00	1.25	4.00	1.24	1.79	1.44	77.2%	836	924
756	19	83.1%	1.01	0.79	1.25	4.50	1.53	2.27	1.83	78.0%	2	0
2,453	42	78.6%	0.86	0.80	0.88	5.00	2.15	2.34	2.22	75.2%	1,205	6,913
413	1	88.3%	0.94	0.63	1.17	5.50	2.37	2.91	2.27	74.5%	2	3
2,041	80	81.5%	0.58	0.55	0.61	7.00	3.50	4.30	3.60	72.3%	1	7,990
1,811	20	87.1%	0.30	0.30	0.52	10.00	5.90	6.90	6.50	89.4%	1	275
825	39	81.6%	0.29	0.15	0.34	12.00	7.25	8.10	6.90	—	2	45
986	7	90.4%	0.21	0.19	0.30	15.00	9.75	11.65	10.79	85.2%	1	228
131	3	94.1%	0.28	0.00	0.47	17.00	—	—	—	—	—	—
184	3	115.7%	0.15	0.00	0.83	20.00	15.15	17.60	16.11	164.2%	5	0
462	1	118.5%	0.52	0.00	0.81	22.00	—	—	—	—	—	—
556	90	124.7%	0.13	0.07	0.78	25.00	—	—	—	—	—	—
789	1	108.6%	0.05	0.05	0.38	27.00	20.35	24.00	22.84	136.3%	12	0
4,047	260	101.6%	0.07	0.10	0.16	30.00	0.00	0.00	25.52	—	15	0

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 January 21, 2028 expiration, the TLRY put/call ratio based on open interest is 0.97 (18,778 puts vs 19,380 calls), and 3.03 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 January 21, 2028 is about 79.6%, 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.