Options/QS

QSQuantumScape Corporation Class A Common Stock

Options Analysis Report•MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES

Market Cap $3.2B|NASDAQ

● 2026-09-11$5.28

BULLISH

Analysis: 2026-09-10 EOD data

1Y -46.9%YTD -52.3%7D -3.6%

Options Vol

13,419

30D

Implied Move

±8.6%

IV Rank

QS Options Overview

bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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QS Gamma Walls

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Value

Is IV priced right?

7.0

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks6/9 checks passed

IV Rank

≤35%

IV Rank 50.0% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.00x — IV ≤ HV

Sector Relative≤50%

Sector percentile 50% — below sector median

Term Structure

<1.1x

Front/Back 1.00x — flat

Skew Normal

<1.25x

Put/Call IV 1.00x — normal

Absolute IV

<80%

ATM IV 0.0% — normal range

Spread-Adjusted Value

<80%

Effective IV 38.4% (ATM 0.0% + spread 19.2% + bias) — excellent value

Execution Efficiency

<3.0%

Total drag 26.34% (spread 19.18% + slippage 7.16%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.00 (vega 0.000 / spread 19.18%) — spread drag

Sentiment

Bullish or bearish?

6.8

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +12%, Raw: +14%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +12% (bullish) — Raw: +14%

OI Skew Magnitude

≥15%

|OI skew| 54.6% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +28.5%, OI skew +54.6% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 17%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -38%, ATM: +36%, OTM: +24% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 32% — bullish vs sector

Activity

Unusual activity?

3.4

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed

Volume Surge

≥1.5x

Volume 0.7x avg — normal

Turnover Rate

≥15%

Vol/OI 2.1% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change +1.6% (5d) — stable

Sector Relative≥60%

Sector activity percentile 48% — neutral vs sector

Trade Quality

≥30%

Large trade volume 27% — mixed

Execution Urgency

≥60%

Aggressive execution 54% — patient

Flow Conviction

≥30

Conviction +12 (bullish) — mixed

Liquidity

Can I trade efficiently?

4.3

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks4/8 checks passed

Tradeable Spread

≤5.0%

Spread 19.2% — wide

Adequate OI

≥10,000

OI 640,604 — deep

Active Volume

≥500

Volume 13,419/day — active

Reasonable Cost

≤$0.50

$0.96 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 0% — much tighter than sector

Order Book Depth

≥100 contracts

Depth 788.8 contracts (bid:348.1 ask:440.7) — deep

Execution Quality

<1.0%

Avg slippage 7.16% — poor

Timing

Is now a good time?

5.1

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks3/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +0.0% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 50% — neutral

Event Detection

≥10pts kink

IV kink 0.0pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 1.00 — favors mixed

Expiration Distribution

≥3 expirations

3 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: FOMC in 5d; CPI in 0d (HIGH)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +12% @ 56% consistency — unclear

Smart Money Timing

≥40 composite score

Score 57 (ITM 20% + inst 27%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls6.9

bullishIV cheap, bullish flow

Long Puts5.0

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put4.9

bullishIV too cheap, bullish flow

Covered Call3.7

bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Sep 14, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on QS

QS gamma walls QS option chain QS max pain QS IV rank QS put/call ratio QS options flow