Big people with lots of money bought and sold special things called "options" on a company named QuantumScape. They think the price of this company will go up or down in the future, so they made bets on it. Some bets were that the price will go up, and some bets were that the price will go down. Most of the big people thought the price would go up. The big people also had a range of prices they think QuantumScape could be worth in the future, between $7 and $9.5. This information can help other people decide if they want to make bets on QuantumScape too, or if they want to buy or sell things from the company directly. Read from source...

The article is overall bullish on QuantumScape. It states that whales with a lot of money have taken a noticeably bullish stance and are targeting a price range from $7.0 to $9.5 for the stock.

1. QuantumScape (QS) is a promising company in the field of solid-state lithium-metal battery technology, which could revolutionize the electric vehicle industry by offering higher energy density, faster charging, and longer lifespan than conventional lithium-ion batteries.
2. The recent trades in QuantumScape options indicate a strong bullish sentiment among large institutional investors, who are likely expecting significant upside potential from the company's upcoming milestones and partnerships, as well as the broader EV market growth. However, there is also some bearish sentiment, which could be due to concerns about the validity of QuantumScape's technology, regulatory hurdles, or competition from other players in the field.
3. The predicted price range of $7.0 to $9.5 for QuantumScape options suggests that there is some resistance at the current level of around $8.78, which could be due to profit-taking or technical factors. Additionally, the RSI indicator shows that the stock may be overbought, meaning that it could be due for a correction in the short term.
4. The next earnings report is scheduled for 37 days from now, which means that there will be some volatility around that date as investors digest the company's financial performance and outlook. It would be wise to monitor the news and analyst ratings closely before making any decisions based on this information.
5. Trading options involves greater risks but also offers the potential for higher profits, so it is essential to do your own research, use stop-loss orders, diversify your portfolio, and follow market trends carefully. You can also use Benzinga Pro for real-time alerts on QuantumScape options and other relevant securities.

Based on these factors, here are some possible investment recommendations:

A. Buy QuantumScape calls with a strike price of $8.0 or lower, expiring in January 2025 or later, as they offer the most leverage to the upside potential and limited downside risk, given the bullish sentiment and predicted price range. For example, you could buy the QS Jan 2025 8.00 call for $1.40, which would give you the right to purchase 100 shares of QS at $8.00 each until expiration. If QS reaches $9.5 or higher by January 2025 expiration, your calls could be worth $1.00 or more per share, yielding a profit of 357%. However, if QS falls below $8.0 by expiration, your calls could lose all