Mixed options sentiment in Quantumscape (QS), with shares down 12c near $13.31. Options volume running well above average with 123k contracts traded and calls leading puts for a put/call ratio of 0.23, compared to a typical level near 0.3. Implied volatility (IV30) is higher by 0.2 points near 124.83, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.05. Put-call skew steepened, indicating increased demand for downside protection.
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