By Jud Pyle, CFA, chief investment strategist for the Options News NetworkNEW YORK ( TheStreet) -- Without any news from ICICI Bank Ltd. (IBN), shares of the Mumbai-based regional bank were basically unchanged on the day. Afternoon trading action in IBN suggests one investor is calling for a drop in the stock during the near-term, and expects shares of the bank to revert to a level we haven't seen since September 2009.
ICICI Bank Draws Bearish Options Action
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.