Moderately bullish activity in Tilray with shares up 16.96%

Moderately bullish activity in Tilray (TLRY), with shares up 20c, or 16.96%, near $1.34. Options volume more than double the daily average with 212k contracts traded and calls leading puts for a put/call ratio of 0.11, compared to a typical level near 0.24. Implied volatility (IV30) is up nearly 18.0 points near 174.05, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.15. Put-call skew steepened, indicating increased demand for downside protection.