Bullish option flow detected in Tencent with 4,230 calls trading, 1.1x expected, and implied vol increasing over 4 points to 65.36%. Dec-24 12 calls and Jan-25 15 calls are the most active options, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 0.02. Earnings are expected on November 12th.
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Read More on TME:
- Tencent Music announces strategic partnership with Galaxy Corporation
- Tencent Music price target raised to $16.20 from $14 at Macquarie
- Tencent call volume above normal and directionally bullish
- Tencent Music downgraded to Equal Weight from Overweight at Morgan Stanley
- Tencent Music assumed at Equal Weight from Overweight at Morgan Stanley
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