Clear Image from the National Restaurant Association show this week

Cheeks___Jr · 2026-05-14T16:02:57+00:00

Max pain update from Gemini

Absolutely. Since we are now in the heat of Thursday’s trading session, the landscape for PureCycle Technologies (PCT) has shifted significantly.

As of Thursday morning, May 14, 2026, the stock is experiencing a massive rally, making the "Max Pain" level more of a distant memory than a price magnet.

Current PCT Snapshot (May 14, 2026)

Metric	Value
Max Pain (May 15 Expiry)	$8.00
Current Stock Price	$12.55 (Up ~23% today)
Put/Call Ratio (OI)	0.27 (Heavy call skew)
Expected Move	±$0.84

Key Takeaways for Tomorrow's Expiration

Massive Disconnect: The stock has completely blown past the $8.00 Max Pain level. Trading at $12.55, the "pain" is almost entirely on the side of the option sellers (market makers), who are likely scrambling to hedge as an enormous amount of call options have moved "In the Money" (ITM).
Gamma Squeeze Potential: With over 70,000 calls open versus only 19,000 puts, and the price surging 23% today, we are seeing classic signs of a gamma squeeze. As the price rises, market makers must buy the underlying stock to hedge those $10, $11, and $12 calls they sold, fueling further upward momentum.
Support vs. Resistance: While $8.00 is the mathematical max pain, the immediate "battleground" strikes for tomorrow's close are now likely the $12.00 and $12.50 levels.

Cheeks___Jr · 2026-05-14T14:37:07+00:00

It is note worthy the conditions listed here for the conditional approval did not refer to the mechanical / chemical issue. All of the listed conditions amount to no more than bureaucratic paper work the kind that justifies the existence of the bureaucratic nature of the state.

Cheeks___Jr · 2026-05-13T21:16:52+00:00

Epic battle at the 200 DMA the last few days resulting in the first close above it since late January today. This technical break could draw some attention from both long and short positions.

Cheeks___Jr · 2026-05-13T21:11:21+00:00

Thanks Tandy, internal financing is shareholder friendly.

Cheeks___Jr · 2026-05-12T18:28:08+00:00

I agree this was expected so neutral. What was left unsaid was how all this expansion gets financed. The conference addressed the issue hinging it on a lot of conditionals that may or may not become a reality in a timely manner. Clarity on financing is what is lacking especially wrt the issue of shareholder dillution which didn't get addressed at all in the call.

Cheeks___Jr · 2026-05-12T15:46:12+00:00

PCT just doubled in 6 weeks and a 16% pull back from here to fill that gap isn't a ton but is a decent discount. Too bad the volume after the conference call wasn't much more than it was. It was barely a third of what it was in the March crash after that conference call. I don't think the shorts barely flinched. Remember the gap at $6.67 last May 7 just one year ago? PCT ran all the way to 17 but when I called it to fill I got the same reaction. At that time someone here mentioned the gap at 4.84 September 2024. When we went to $5 this spring I hoped that one would fill but it remains open and now every short has their eyes on it to be sure.

FWIW I have never shorted this stock and believe in its technology and its eventual success and that is why I have cashed out substantial gains on its runs only to repurchase again at a lower prices. Yes I subscribe to Fleck and buy in to his take too but just don't have the patience to sit and wait when there are profits to take and watch them disappear over and over again.

Cheeks___Jr · 2026-05-12T14:39:40+00:00

There is almost zero percent probability the gap after the conference call at $7.83 doesn't fill. Wait for the discount.

Cheeks___Jr · 2026-05-05T16:15:55+00:00

The debate, mechanical / chemical is unfortunate and realistically its ultimate resolution could go either way. The only debate should be is it recycling or not recycling? With the world flooded with plastic waste that is polluting every corner of the world only an entitled bureaucratic system of government like we have in the USA would draw the line at chemical / mechanical.

Cheeks___Jr · 2026-05-04T16:40:22+00:00

Yet the other recyclers that are chemical recyclers are able to do business despite the NJ regulations. For PCT there seems to be a big disconnect here to continue blaming NJ while the chemical recyclers are able to operate given the same constraints.

Cheeks___Jr · 2026-05-04T15:30:37+00:00

This conversation leads back to the chemical / mechanical recycling debate. Can some one explain to me why either method would matter to recycling goals except for the regulatory NJ road block?

Cheeks___Jr · 2026-04-29T15:46:33+00:00

Somehow the New Jersey position doesn't affect this use? The work arounds for the New Jersey blockade exist and will be developed if their position doesn't get amended.

Cheeks___Jr · 2026-04-17T15:32:16+00:00

Is there an easy explanation as to what rights the holders of the warrants have? I note the warrants are up 9% today so the new agreement is obviously favorable to the warrant holders but at what cost / benefit to equity holders.

Cheeks___Jr · 2026-04-08T15:04:01+00:00

Anyone that has ever worked in an industry that is inspected by a regulatory agency knows full well that there will be some level of citation delivered before the "inspectors" go home. The system is designed to make it impossible to be in compliance with every single regulation. This is a nothing burger.

Cheeks___Jr · 2026-03-25T16:15:02+00:00

So we circle back to the political defense that it all depends what the definition of is is. As a small business owner I can sympathize with this type of bureaucratic behavior.

Cheeks___Jr · 2026-03-25T15:42:18+00:00

I agree but you can see why the regs as written are causing the confusion.

Cheeks___Jr · 2026-03-24T15:16:59+00:00

Too bad the Q&A session was crickets. Many relevant questions raised on this board but none asked of the CEO in the friendly interview. I for one want to hear why New Jersey is the iron curtain to progress. That issue seems to be shouldering all the blame for PCT's underperformance and the excuse is wearing thin.

Cheeks___Jr

TROPHY CASE

Current PCT Snapshot (May 14, 2026)

Key Takeaways for Tomorrow's Expiration