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Tencent call volume above normal and directionally bullish

Tencent call volume above normal and directionally bullish

Bullish option flow detected in Tencent with 9,677 calls trading, 4x expected, and implied vol increasing over 6 points to 52.65%. Oct-24 11 puts and Dec-24 12 calls are the most active options, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 0.57. Earnings are expected on November 12th.

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