iQiyi call volume above normal and directionally bullish

Bullish option flow detected in iQiyi with 11,348 calls trading, 2x expected, and implied vol increasing almost 5 points to 61.82%. Jun-24 5 calls and May-24 5 calls are the most active options, with total volume in those strikes near 6,300 contracts. The Put/Call Ratio is 0.56. Earnings are expected on May 16th.