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Tencent call volume above normal and directionally bullish

Bullish option flow detected in Tencent with 2,397 calls trading, 1.4x expected, and implied vol increasing over 4 points to 41.89%. Sep-24 12 calls and Dec-24 10 puts are the most active options, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 0.48. Earnings are expected on November 12th.

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