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PureCycle Technologies put volume heavy and directionally bearish

Bearish flow noted in PureCycle Technologies (PCT) with 9,118 puts trading, or 12x expected. Most active are Jan-26 5 puts and Apr-25 8 puts, with total volume in those strikes near 8,500 contracts. The Put/Call Ratio is 3.59, while ATM IV is up over 36 points on the day. Earnings are expected on March 3rd.

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