Whales with a lot of money to spend have taken a noticeably bearish stance on iQIYI.
Looking at options history for iQIYI IQ we detected 50 trades.
If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 64% with bearish.
From the overall spotted trades, 36 are puts, for a total amount of $1,945,319 and 14, calls, for a total amount of $829,067.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $2.0 to $5.0 for iQIYI over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for iQIYI's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of iQIYI's whale trades within a strike price range from $2.0 to $5.0 in the last 30 days.
iQIYI 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IQ | PUT | SWEEP | BULLISH | 03/21/25 | $1.95 | $1.9 | $1.9 | $4.50 | $190.0K | 296 | 1.0K |
| IQ | CALL | TRADE | BULLISH | 10/18/24 | $0.8 | $0.64 | $0.76 | $2.50 | $114.0K | 6.3K | 0 |
| IQ | CALL | TRADE | BULLISH | 12/20/24 | $1.23 | $1.02 | $1.15 | $2.00 | $110.7K | 754 | 1.0K |
| IQ | CALL | SWEEP | BEARISH | 12/20/24 | $1.1 | $1.06 | $1.1 | $2.00 | $110.0K | 754 | 1.0K |
| IQ | CALL | TRADE | BULLISH | 10/25/24 | $0.99 | $0.8 | $0.98 | $2.00 | $98.0K | 178 | 101 |
About iQIYI
Iqiyi is a leading streaming video-on-demand company in China that generates revenue through a mostly subscription basis and has about 100 million paying subscribers and 500 million monthly average users on its platform. The platform also provides user-generated content in long-form videos free of charge to nonpaying users, monetized through video-brand ads and performance-based ads. The company self-produces much of the subscription content and also generates revenue through content distribution, gaming, and IP licensing. Iqiyi competes in a crowded industry with Tencent Video, Alibaba's Youku, ByteDance's MangoTV, and Tencent-backed Bilibili. The company is 45.5% and 5.1% owned by Baidu and Xiaomi, respectively. Baidu also held 89.3% of the voting power as of end-February 2023.
Where Is iQIYI Standing Right Now?
- Trading volume stands at 45,630,108, with IQ's price down by -3.23%, positioned at $3.0.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 43 days.
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