Bearish flow noted in PureCycle Technologies (PCT) with 1,552 puts trading, or 3x expected. Most active are 1/24 weekly 7 puts and 12/27 weekly 11 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.83, while ATM IV is up over 1 point on the day. Earnings are expected on March 3rd.
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