Market speculators seeking highly probabilistic trades from securities generating unusual options activity may consider iQiyi (IQ). An online entertainment service provider based in Haidian, China, iQiyi offers movies, television dramas, variety shows and other video-based content. But because it’s tied to the fortunes of the world’s second-largest economy, IQ stock is geopolitically exposed.
After tensions started to thaw between the U.S. and China, the war of words recently heated up again. On Friday, President Donald Trump declared that he will no longer be “Mr. NICE GUY” with China on trade. In a social media post, Trump stated that Beijing had broken an agreement with Washington. Subsequently, IQ stock dropped just over 3%, bringing its five-day loss to 4.48%.
