Bearish flow noted in PureCycle Technologies (PCT) with 3,768 puts trading, or 2x expected. Most active are Aug-25 15 puts and 8/8 weekly 16 calls, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1.65, while ATM IV is up over 4 points on the day. Earnings are expected on August 7th.
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