What does this mean ICICI BANK 18 AUG 350 CE in stock market?

Trading
1

what does this mean ICICI BANK 18 AUG 350 CE in stock market?

2

ICICI BANK 18 AUG 350 CE this is an options contract derived from ICICI Bank stock.

Underlying stock Icicibank
CE means this is a call option if the stock price of icicibank goes up then this call option would gain
Aug is the month for this contract and the last Thursday of August is the expiry date of this particular contract
350 is the strike price of the contract

Meaning the stock price of icicibank would have to rise more than Rs 350 and more before the expiry date for this option to be profitable and can be excersized

1 Like
3

Please read Zerodha Varsity

2 Likes
4

@ManishAstral Thanks Sir:dizzy:

1 Like