Investors in PureCycle Technologies Inc (PCT) saw new options begin trading on [date]. The January 2026 contracts feature a put option at a strike price of $6.50, currently with a bid of 5 cents. Selling to open this put commits an investor to buy shares at $6.50, effectively reducing their cost basis to $6.45. This represents a 32% discount to the current trading price of $9.59 per share.
Additionally, a call contract at a $10.00 strike price is available, with a current bid of 40 cents. Purchasing shares at the current price and then selling this call as a covered call could yield a return of 8.45% if exercised at expiration. The $10.00 strike is approximately 4% above the current stock price. The odds of the put contract expiring worthless stand at 88%, while the call contract has a 48% chance of doing the same.
Implied volatility for the put contract is 114%, and 79% for the call, contrasting with an actual trailing twelve-month volatility of 77%.
