Moderately bullish activity in Tilray with shares up 3.04%

Moderately bullish activity in Tilray (TLRY), with shares up 4c, or 3.04%, near $1.52. Options volume relatively light with 37k contracts traded and calls leading puts for a put/call ratio of 0.23, compared to a typical level near 0.13. Implied volatility (IV30) is higher by 4.5 points near 130.84,and above the 52wk median, suggesting an expected daily move of $0.13. Put-call skew steepened, indicating increased demand for downside protection.