IQ a buy before earnings? Let's see iQIYI has headquarters in Haidan District, China. The firm distinguishes itself in the online entertainment industry by its technology platform powered by advanced AI, big data analytics and other core proprietary technologies. The website is cool with many interesting titles.
In 2023 had a low of $1.65. Trading at $2.20 today with earnings released before the market opens on Feb 18th 2025. This stock makes money and hits on earnings yet continues to be trolled by the mighty USD. After DeepSeek rocked Wall street, I am shocked IQ has not gained traction. Its revenue are stagnate but surprises on earnings. The price action has consolidated and entered into a squeeze pattern. I like it!
There are options on IQ stonk! Excellent. The expected move for Feb 25th, 2025 options is .27
A bullish covered call buy to open 100 shares at 2.20 and buy to open Feb 21 1.5 Put would cost me a buying power effect of 2.21 with unlimited max profit and a max loss of $71. I like the limited risk vs owning this stock. It is risky and will only work if earnings include must have AI.
Have no position here but this chart caught my attention. Trade safe and not financial advice.