The huge moves in Tilray and Aurora over the past two days triggered some unusually large option trade on Friday as traders make massive bets on where cannabis stocks are headed next.
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The Trades: On Friday, Benzinga Pro subscribers received dozens of option alerts related to unusually large trades of Tilray and Aurora options. Here are a handful of the biggest Tilray trades:
- At 10:56 a.m., a trader sold 1,500 Tilray call options with an $11 strike price expiring on Nov. 20 at the bid price of $1.90. The trade represented a $285,000 bearish bet.
- At 11:03 a.m., a trader bought 1,160 Tilray put options with a $10 strike price expiring on Dec. 18 near the ask price at $2.459. The trade represented a $289,420 bearish…