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Tencent call volume above normal and directionally bullish

Bullish option flow detected in Tencent with 5,478 calls trading, 2x expected, and implied vol increasing almost 4 points to 54.34%. Oct-24 14 calls and Nov-24 13 calls are the most active options, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 0.08. Earnings are expected on November 12th.

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