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.
Published first on TheFly
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