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Selling Puts in TLRY

Tilray (TLRY) is scheduled to release earnings on August 10. The stock price has dropped precipitously during this past year and the options are rich in premium so I am selling puts. The volatility component of the options should decrease after earnings so my plan is to buy back the puts at a lower price after the earning release which should be possible if the share price doesn’t collapse.

Sold TLRY Sep 7.5P for a credit of $1.41

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