2024-05-17 PUT at $28.0 Option on ICICI Bank Limited
| IBN Stock | USD 27.34 0.23 0.83% |
2024-05-17 PUT at $28.0 is a PUT option contract on ICICI Bank's common stock with a strick price of 28.0 expiring on 2024-05-17. The contract was last traded on 2024-05-02 at 10:15:16 for $0.55 and, as of today, has 14 days remaining before the expiration. The option is currently trading at a bid price of $0.55, and an ask price of $0.65. The implied volatility as of the 4th of May is 14.08.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICICI Bank Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
ICICI |
A put option written on ICICI Bank becomes more valuable as the price of ICICI Bank drops. Conversely, ICICI Bank's put option loses its value as ICICI Stock rises. When exercised, put options on ICICI Bank produce a short position in ICICI Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on ICICI Bank's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that ICICI Bank Limited will have an average daily up or down price movement of about 0.88% per day over the life of the option. With ICICI Bank trading at USD 27.34, that is roughly USD 0.24. If you think that the market is fully understating ICICI Bank's daily price movement you should consider buying ICICI Bank Limited options at that current volatility level of 14.08%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on ICICI Bank
An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their ICICI Bank positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on ICICI Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
| Put Contract Name | 2024-05-17 PUT at $28.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 14 |
| Last Traded On | 2024-05-02 10:15:16 |
| Contract Period | MONTHLY |
| Open Interest | 8 |
| Current Trading Volume | 1.0 |
| Strike Price | 28.0 |
| Last Traded At | 0.55 |
| Current Price Spread | 0.55 | 0.65 |
| Rule 16 Daily Up or Down | USD0.24 |
ICICI short PUT Option Greeks
ICICI Bank's Option Greeks for the contract ending on 2024-05-17 at a strike price of 28.0 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to ICICI Bank's option greeks, its implied volatility helps estimate the risk of ICICI Bank stock implied by the prices of the options on ICICI Bank's stock.
| Delta | -0.7021 | |
| Gamma | 0.4639 | |
| Theta | -0.0082 | |
| Vega | 0.0186 | |
| Rho | -0.0056 |
ICICI long PUT Option Payoff at expiration
Put options written on ICICI Bank grant holders of the option the right to sell a specified amount of ICICI Bank at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of ICICI Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on ICICI Bank is like buying insurance aginst ICICI Bank's downside shift.
Profit |
| ICICI Bank Price At Expiration |
ICICI short PUT Option Payoff at expiration
By selling ICICI Bank's put option, the investors signal their bearish sentiment. A short position in a put option written on ICICI Bank will generally make money when the underlying price is above the strike price. Therefore ICICI Bank's put payoff at expiration depends on where the ICICI Stock price is relative to the put option strike price. The breakeven price of 27.45 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to ICICI Bank's price. Finally, at the strike price of 28.0, the payoff chart is constant and positive.
Profit |
| ICICI Bank Price At Expiration |
ICICI Bank Limited Available Put Options
ICICI Bank's option chain is a display of a range of information that helps investors for ways to trade options on ICICI. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for ICICI. It also shows strike prices and maturity days for a ICICI Bank against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Put | 2024-05-17 PUT at $26.0 | -0.1148 | 0.1388 | 456 | 2024-05-17 | 0.0 - 0.1 | 0.08 | Out |
Put | 2024-05-17 PUT at $27.0 | -0.2184 | 0.3742 | 318 | 2024-05-17 | 0.1 - 0.2 | 0.1 | Out |
Put | 2024-05-17 PUT at $28.0 | -0.7021 | 0.4639 | 8 | 2024-05-17 | 0.55 - 0.65 | 0.55 | In |
Put | 2024-05-17 PUT at $29.0 | -0.6409 | 0.1148 | 2 | 2024-05-17 | 0.7 - 3.6 | 2.64 | In |
Put | 2024-05-17 PUT at $30.0 | -0.6822 | 0.0852 | 0 | 2024-05-17 | 1.4 - 3.2 | 4.4 | In |
Put | 2024-05-17 PUT at $31.0 | -0.5902 | 0.0462 | 0 | 2024-05-17 | 1.3 - 5.5 | 0.0 | In |
Put | 2024-05-17 PUT at $32.0 | -0.6102 | 0.0419 | 0 | 2024-05-17 | 2.3 - 6.5 | 0.0 | In |
Put | 2024-05-17 PUT at $33.0 | -0.6266 | 0.0385 | 0 | 2024-05-17 | 3.2 - 7.5 | 0.0 | In |
Put | 2024-05-17 PUT at $34.0 | -0.6403 | 0.0357 | 0 | 2024-05-17 | 4.3 - 8.5 | 0.0 | In |
Put | 2024-05-17 PUT at $35.0 | -0.6521 | 0.0334 | 0 | 2024-05-17 | 5.3 - 9.5 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ICICI Bank without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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ICICI Bank Corporate Directors
ICICI Bank corporate directors refer to members of an ICICI Bank board of directors. The board of directors generally takes responsibility for the ICICI Bank's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of ICICI Bank's board members must vote for the resolution. The ICICI Bank board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Dileep Choksi | Non-Executive Director | Profile | |
| Alok Tandon | Government Nominee Director | Profile | |
| Subramanian Madhavan | Non-Executive Independent Director | Profile | |
| Venkatesan Sridar | Non-Executive Independent Director | Profile |
Already Invested in ICICI Bank Limited?
The danger of trading ICICI Bank Limited is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ICICI Bank is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ICICI Bank. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ICICI Bank Limited is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ICICI Bank Limited offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ICICI Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Icici Bank Limited Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Icici Bank Limited Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICICI Bank Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the ICICI Bank Limited information on this page should be used as a complementary analysis to other ICICI Bank's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for ICICI Stock analysis
When running ICICI Bank's price analysis, check to measure ICICI Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ICICI Bank is operating at the current time. Most of ICICI Bank's value examination focuses on studying past and present price action to predict the probability of ICICI Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICICI Bank's price. Additionally, you may evaluate how the addition of ICICI Bank to your portfolios can decrease your overall portfolio volatility.
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Is ICICI Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ICICI Bank. If investors know ICICI will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ICICI Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.185 | Dividend Share 10 | Earnings Share 1.48 | Revenue Per Share 451.81 | Quarterly Revenue Growth 0.776 |
The market value of ICICI Bank Limited is measured differently than its book value, which is the value of ICICI that is recorded on the company's balance sheet. Investors also form their own opinion of ICICI Bank's value that differs from its market value or its book value, called intrinsic value, which is ICICI Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ICICI Bank's market value can be influenced by many factors that don't directly affect ICICI Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ICICI Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if ICICI Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICICI Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.