Tilray Brands Inc (TLRY)

[john1311]

Let's go Smokey Joe....

Tilray: Sentiment Could Be A Catalyst For An Aggressive Price Appreciation

Tilray stock surged almost 40% after following the announcement that the Biden administration took a major step towards the legalization of marijuana.

On October 6th, Biden announced that he will pardon all federal marijuana possession convictions, as well as all respective convictions in Washington D.C.

Tilray stock quickly became the most discussed stock on social media, and sentiment could be a catalyst for an aggressive price appreciation.

In my opinion, Tilray's 40% price jump could have further room to go.
I advise to buy the 125/200 percent moneyness call spreads (short $8 strike, long $5 strike) with about 10 weeks to expiration.

https://seekingalpha.com/article/4545210-tilray-sentiment-catalyst-price-appreciation