ICICI Bank Options trading Important Tips
ICICI bank is the largest private sector bank of India. It is one of the too big too fail bank of India the other two are SBI and HDFC bank. HDFC bank got the title this year only. It is private sector bank and is part of Nifty as well as Bank Nifty.
Leaving State Bank of India it is the bank with widest network of branches. Other private sector banks are far behind in area coverage.
Below are some important tips you should follow if you want to do options trading in ICICI bank. Note these points are applicable for all banking stocks in general.
- The RBI policies have impact on banking stocks and this is no exception. The behavior of stock is unpredictable on policy days so better avoid trading it on those days.
- Rupee depreciation against dollar is negative for Banking stocks and State bank of India as well. If Rupee falls then banking stocks will take a dive.
- Like all stocks Results days are pretty much unpredictable so better to avoid trading those days. You should watch out for NPA component in results if you want to trade on result days.
- For past some years ICICI bank is giving range bound movement so you need to make sure you are buying at lower range and selling at higher range.
Options Open Interest Sheet download
Below is download link for ICICI bank options open interest analysis excel sheet. The sheet downloads and refreshes options open interest data and creates Long and Short position information based on Call and Put data.
In case you want to trade in Options of other popular stocks like Reliance or Maruti then you can also download excel sheets for them as well. Below article provides options OI excel sheet for all top stocks for options trading.
Some people do not prefer to trade Options in stocks for them I have prepared OI sheets for Nifty and bank nifty. You can also download them for free using below links.
I have also provided useful tips to trade in Nifty as well as Bank nifty which you can use in your trade plan as well.