QuantumScape Corporation
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Buying QS 16 APR 21 30 PUT

742
I'd like to see price hold this resistance on the daily time frame.

If price breaks and closes above $65.68, then I'll close the position and salvage what I can.

I expect price to continue to move lower and check $28.

Why did I buy puts with a $30 strike? Because price has already checked the $38 price level annotated by a check mark. I think price could push further down to the base of that price level (annotated by an up arrow) around $30 within the next 30 days.
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It didn't quite reach my target area. But I decided to close it for some profit anyway.

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