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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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