Moderately bullish activity in Quantumscape with shares up 20.04%

Moderately bullish activity in Quantumscape (QS), with shares up $2.27, or 20.04%, near $13.62. Options volume nearly triple the daily average with 422k contracts traded and calls leading puts for a put/call ratio of 0.63, compared to a typical level near 0.3. Implied volatility (IV30) is higher by 8.2 points near 132.25, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.14. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Quantumscape (QS) will report earnings after the close on 2025-07-23.Option markets are pricing in a 50% probability of a move greater than 17.71% or $2.41.