Mixed options sentiment in Quantumscape with shares down 8.8%

Mixed options sentiment in Quantumscape (QS), with shares down $1.36 near $14.15. Options volume relatively light with 25k contracts traded and calls leading puts for a put/call ratio of 0.36, compared to a typical level near 0.34. Implied volatility (IV30) dropped 2.1 near 123.28, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.10. Put-call skew steepened, indicating increased demand for downside protection.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 14.09% or $1.99.