Moderately bullish activity in Quantumscape (QS), with shares up $2.08, or 13.44%, near $17.52. Options volume roughly in line with average with 62k contracts traded and calls leading puts for a put/call ratio of 0.36, compared to a typical level near 0.35. Implied volatility (IV30) is higher by 9.0 points near 125.04, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.38. Put-call skew steepened, indicating increased demand for downside protection.
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