Notable Put Options Activity in ICICI Bank

Shares of ICICI Bank

are higher on the session by 5.22%, currently trading at $32.85. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the June 2012 $27.00 put, which has traded 5,000 times on open interest of 215 contracts. Put volume is outpacing call volume by 4 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.