Bearish flow noted in PureCycle Technologies (PCT) with 9,895 puts trading, or 3x expected. Most active are Aug-26 6 puts and Jan-27 5 puts, with total volume in those strikes near 6,700 contracts. The Put/Call Ratio is 3.40, while ATM IV is up over 4 points on the day. Earnings are expected on May 7th.
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