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