Investors in PureCycle Technologies Inc (symbol: PCT) gained access to new options today, expiring in February 2026. Notably, a put contract at a $6.50 strike price has a current bid of 5 cents, potentially allowing investors to acquire shares at a net cost of $6.45, representing a 29% discount to the current trading price of $9.17. The odds of the put contract expiring worthless are estimated at 87%.
On the call side, there is a covered call contract at the $9.50 strike price, with a current bid of 45 cents. Buying shares at $9.17 and selling this call would offer an 8.51% total return if exercised by expiration. The contract is around 4% out-of-the-money, with a 49% chance of expiring worthless, allowing investors to retain both their shares and the premium collected. The implied volatility for the put is 104%, while that for the call stands at 83%.
The current share price for PCT is $9.17, with trailing twelve-month volatility assessed at 79%. For more insights on options, visit StockOptionsChannel.com.
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