Calls Trade In IBN – Possible Long Closer
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Shares of ICICI Bank Ltd (IBN) are down .41 to 6.61 today. IBN is near the lower end of the 52 week range.
- Paper traded 14000 IBN Feb 7 calls for .07.
- The ADV is 2845.
- The OI is over 20546 contracts.
The volume went up 1 block on the PHLX.? The trade as priced hit the bid with IBN putting in a disappointing performance today.? There is still substantial open interest but the call sale looks like paper is giving up on a meaningful rally to the end of Feb.
- IV 30 is trading for 35%.?
- HV10 is trading for 45%.?
- IV 30 is trading below the HV 10.
ICICI Bank Limited is a banking company. The Bank is a financial services group providing a range of banking and financial services including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services. Its operating segments include Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance and Others.