Bearish flow noted in PureCycle Technologies with 12,604 puts trading, or 19x expected. Most active are Apr-23 6 puts and May-23 10 calls, with total volume in those strikes near 13,300 contracts. The Put/Call Ratio is 4.73, while ATM IV is up over 3 points on the day. Earnings are expected on May 11th.
Published first on TheFly
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