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ICICI Bank (IBN) volatility of 62 at nine-month lows on active call volume

June 15, 2009 3:16 PM EDT
IBN Hot Sheet
Overall Analyst Rating:
    BUY (= Flat)
ICICI Bank (NYSE: IBN), India's second largest bank, is recently down $1.22 to $29.92. IBN call option volume of 5,520 contracts compares to put volume of 1,847 contracts. IBN July and August option implied volatility of 62 is below its six-month average of is 91, according to Track Data, suggesting decreasing price movement. Paul Foster

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