$QS Straddle sell strike 115The Implied Volatility is very high near the 200% percent.
Rarely it stays long above this number. The range between the break-even line at expiration is relatively big.
60% probability for some profit.
If the IV will drop sharply It will be wise to get out.
I diversify my portfolio, it is never "ALL IN".
QS trade ideas
$QS Before ERIf this move on QS is essentially another Wave 1, and that we've already completed counts A-C, then ER should be the perfect catalyst to create this trend. Fundamentally, QS is dealing with many lawsuits, but should they post good numbers and forward guidance, then this pitchfork's formation is in play.
Quantumscape earnings today at 4pmVery little data on QS earnings expectations today at 4pm. From what I can find, the expected earnings are all projecting a loss of -$EPS. QuantumScape is an American company that produces solid state lithium metal batteries for electric cars. The company is headquartered in San Jose, California and employs around 200 people. Investors include Bill Gates and Volkswagen. QuantumScape was founded in 2010 by Jagdeep Singh, Tim Holme and Professor Fritz Prinz of Stanford University. In 2012, QuantumScape began working with German automaker Volkswagen. In 2018, Volkswagen invested $100 million in the company, becoming the largest shareholder. In the same year, Volkswagen and QuantumScape announced the establishment of a joint production project to prepare for mass production of solid state batteries. In June 2020, Volkswagen made an additional $200 million investment into the company. On September 3, 2020, QuantumScape announced a merger with the Special-purpose acquisition company Kensington Capital Acquisition. As a result of the merger, QuantumScape received $1 billion in financing, including funding from Volkswagen and the Qatar Investment Authority. At the same time, the company's shares were listed on the New York Stock Exchange under the symbol QS. The transaction was completed in November 2020 and raised capital for the series production of batteries. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
Morgan Stanley $QS Buy and $70 price targetFor Morgan Stanley’s Jonas, involvement in QS stock comes with high risk, but also high potential reward. In fact, the analyst calls it, "The Biotech of Battery Development."
"We believe their solid state technology addresses a very big impediment in battery science (energy density) that, if successful, can create extremely high value to a wide range of customers in the auto industry and beyond. The risks of moving from a single layer cell to a production car are high, but we think these are balanced by the commercial potential and the role of Volkswagen to help underwrite the early manufacturing ramp," Jonas explained.
Noting that QS is a stock for the long haul, Jonas rates the shares an Overweight (i.e. Buy), and his $70 price target indicates confidence in an upside of 28% for one-year time horizon.
QS BULLS LOOK GOODlooks good, got nice breakout with big bull volume (positioning). Bottommed out and now uptrending on the daily. if not in already, youre looking at entering on the break of last weeks high and good increasing bull volume.
However the stop will be a problem as we dont really have any daily supports nearby. Closest D HL being at 43.41 which is 20% below. Another closer stop loss you can put is at 49.36, which was friday's low and about 10% below current price.
But looks very good for continuation, you jsut have to accept that if consolidation happens you may have to sit through some red before your stop is hit.
So one way to play this could be to enter a double size position on a breakout of friday high and then exit half for some profits straight away, and then let the rest ride.