Tencent call volume above normal and directionally bullish

Bullish option flow detected in Tencent with 4,800 calls trading, 1.6x expected, and implied vol increasing over 2 points to 70.48%. Jan-23 10 calls and Apr-23 9 calls are the most active options, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 0.24. Earnings are expected on March 20th.