Options Update: ICICI Bank volatility low into results of Indian general elections

Posted May 14th 2009 8:00AM by Paul Foster
Filed under: India, Options

ICICI Bank (NYSE: IBN), India's second largest bank, closed at $20.99. India is currently holding general elections -- the largest democratic election in the world -- to the 15th Lok Sabha. The results will be announced on May 16, 2009. IBN June option implied volatility of 85 is below its 26-week average of 95, according to Track Data, suggesting decreasing price movement.

Infosys (NASDAQ: INFY), a technology services firm based in India, closed at $30.36. INFY June option implied volatility is at 47, July is at 50; below its 26-week average of 61, according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Tags: 15th Lok Sabha, 15thLokSabha, ibn, ICICI Bank, IciciBank, India general elections, IndiaGeneralElections, Infosys, infy, option implied volatility, OptionImpliedVolatility, technology services, TechnologyServices