Bearish flow noted in PureCycle Technologies (PCT) with 2,313 puts trading, or 3x expected. Most active are Feb-25 7 puts and Apr-25 7 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 2.00, while ATM IV is up nearly 2 points on the day. Earnings are expected on March 3rd.
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- PureCycle Technologies put volume heavy and directionally bearish
- PureCycle Technologies call volume above normal and directionally bullish
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