Mixed options sentiment in Quantumscape with shares down 5.91%

Mixed options sentiment in Quantumscape (QS), with shares down 82c near $12.98. Options volume roughly in line with average with 74k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.38. Implied volatility (IV30) dropped 5.72 near 122.28, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.00. Put-call skew steepened, indicating increased demand for downside protection.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 16.65% or $2.16.