Moderately bullish activity in Quantumscape with shares up 7.0%

Moderately bullish activity in Quantumscape (QS), with shares up 44c, or 7.0%, near $6.80. Options volume roughly in line with average with 74k contracts traded and calls leading puts for a put/call ratio of 0.26, compared to a typical level near 0.25. Implied volatility (IV30) is higher by 2.5 points near 97.2, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.42. Put-call skew steepened, indicating increased demand for downside protection.