Notable Put Options Activity in ICICI Bank

Shares of ICICI Bank IBN are higher on the session by 2.76%, currently trading at $39.13. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the January 2012 $39.00 put traded 2,250 times on open interest of 10 contracts. The Jan2012 $40 put also traded 1,300 times on 12,002 contracts. Put volume is dominating call volume 6 to 1. ICICI Bank Limited is a banking company. The bank, together with its subsidiaries, joint ventures and associates, is a diversified 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.