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Tencent call volume above normal and directionally bullish
The Fly

Tencent call volume above normal and directionally bullish

Bullish option flow detected in Tencent with 3,322 calls trading, 2x expected, and implied vol increasing almost 5 points to 54.76%. 3/24 weekly 7.5 calls and 3/31 weekly 7.5 calls are the most active options, with total volume in those strikes near 950 contracts. The Put/Call Ratio is 0.39. Earnings are expected on May 15th.

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