Mixed options sentiment in Quantumscape (QS), with shares down $1.11 near $11.52. Options volume running well above average with 169k contracts traded and calls leading puts for a put/call ratio of 0.83, compared to a typical level near 0.41. Implied volatility (IV30) dropped 8.57 near 95.82,in the top quartile of the past year, suggesting an expected daily move of $0.70. Put-call skew steepened, indicating increased demand for downside protection.
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