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Thursday, August 13, 2009

Short Indian Banking

I made a quick trade while waiting to go to the Colorado Rockies game today with my uncle who is in town today. I have traded ICICI Bank Ltd. (IBN) in the past when it was trading in the upper teens/lower 20's. I've decided to buy Sep 31 puts at $2.10.

1 comment:

Justin said...

Didn't remain disciplined and it cost me my investment in this play. I could have made approx $100when the stock went in my direction, however I got too attached and the bank soared to the mid 30's and I was never able to recover.