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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TME:
- Tencent Music price target lowered to $16 from $17 at Mizuho
- Tencent Music price target lowered to $15 from $19 at Benchmark
- Tencent Music price target lowered to $15 from $18 at BofA
- Starbucks picks new CEO, Google unveils Pixel 9: Tuesday Buzz
- Tencent Music downgraded to Neutral from Outperform at Daiwa