Shares of Quantumscape Corp. (QS) surged 9.21% during Friday's intraday trading, as investors reacted to a significant uptick in bullish options activity. The solid-state battery developer's stock saw an unusual increase in call option volume, signaling growing optimism among traders.

According to market data, Quantumscape experienced a notably high volume of call options trading, with 34,999 calls changing hands. This volume was approximately 1.3 times the expected level, indicating a surge in bullish sentiment. Additionally, the implied volatility for Quantumscape options jumped by over 8 points to reach 123.76%, suggesting heightened market expectations for potential price movements.

The increased options activity and rising implied volatility could be driven by speculation about Quantumscape's future prospects in the electric vehicle battery market. As the company continues to develop its solid-state battery technology, any positive developments or anticipation of breakthrough announcements might be fueling this bullish trend. Investors will be closely watching Quantumscape's upcoming announcements and technical progress to gauge the sustainability of this price movement.