ICICI Bank Prior Trade

Currently focused on options trades for the month expiring in October and January respectively.


ICICI Bank (IBN)-- Indian banking firm. Responsive to rising rates and macro pressures within India.

Trade Reason:
Due to the falling Rupee eventually finding a base after hitting $69 level used ICICI Bank to profit from the upward move in the Indian stock market and Rupee stabilizing.

Trade Setup:
3 IBN Oct 19 '13 $28 Call(IBN) @ $1.5

Trade Exit:
3 IBN Oct 19 '13 $28 Call(IBN) @ $4.51