52-Week High Alert: Trading today’s movement in ICICI BANK $IBN

Quantchabot has detected a new Long Call trade opportunity for ICICI BANK (IBN) for the 17-Apr-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

IBN was recently trading at $33.30 and has an implied volatility of 12.65% for this period. Based on an analysis of the options available for IBN expiring on 17-Apr-2025, there is a 37.51% likelihood that the underlying will close within the analyzed range of $33.31-$33.49 at expiration. In this scenario, the average linear return for the trade would be 11.20%.

52 week high: ICICI BANK recently reached a new 52-week high at $33.33. IBN had traded in the range $25.12-$32.14 over the past year.

Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if IBN maintains its current direction and does not revert back to pricing on the bearish side of $33.30 on 17-Apr-2025. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bullish strategy, the trade would be profitable if ICICI BANK closes at or above $33.25 on 17-Apr-2025. Based on our risk-neutral analysis, there is a 64.26% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.


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