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Whales with a lot of money to spend have taken a noticeably bearish stance on iQIYI. Looking at options history for iQIYI (NASDAQ: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 t…

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