Wednesday, October 02, 2013 7:43:09 AM
By Mike Yamamoto (mike.yamamoto@optionmonster.com) | optionMONSTER – 1 hour 52 minutes ago
RELATED QUOTES
Symbol Price Change
AU 12.88
AngloGold Ashanti has lost more than 60 percent of its market value in the last year, but one large trader is still hoping for a rally.
optionMONSTER's Heat Seeker system detected the purchase of 4,936 January 16 calls for $0.60 in less than 4 minutes yesterday. This is clearly a new position, as open interest in the strike was 1,140 contracts before the trade appeared.
These long calls lock in the price where the stock can be purchased through mid-January no matter how far it might climb. They could be sold earlier at a profit if premiums rise with a rally before then, but the contracts will expire worthless if shares remain below the $16 strike price. (See our Education section)
AU fell 3.01 percent yesterday to close at $12.88. The South African gold miner, which was trading above $34 last fall, hit an all-time low of $11.62 on Aug. 7 and has been range-bound mostly between $12 and $15 since.
Total option volume in the name yesterday was more than triple its daily average for the last month. Overall calls outnumbered puts by a bullish 11-to-1 ratio.
Recent AU News
- Dealing in Securities by an Executive Officer of AngloGold Ashanti plc • Business Wire • 09/16/2024 10:37:00 AM
- G2 Enters Exploration Alliance on 30,000 Acre District Land Package • GlobeNewswire Inc. • 09/10/2024 11:00:00 AM
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- G2 Expands New Gold Zones at OKO – 57.5m @ 4.3 g/t Au, 38.2m @ 3.4 g/t Au & 69.5m @ 1.9 g/t Au • GlobeNewswire Inc. • 09/03/2024 12:51:32 PM
- Award of Share Options to Executive Directors and Executive Officers of AngloGold Ashanti plc • Business Wire • 08/29/2024 10:47:00 AM
- AngloGold Ashanti HY1 2024 Earnings Release for the Three Months and Six Months Ended 30 June 2024 • Business Wire • 08/06/2024 10:13:00 AM
- AngloGold Ashanti Announces H1 2024 and Q2 2024 Results Conference Call • Business Wire • 07/18/2024 10:55:00 AM
- G2 Goldfields Announces $42 Million Private Placement • GlobeNewswire Inc. • 07/17/2024 10:54:35 AM
- AngloGold Ashanti plc Announces Appointment of Non-Executive Directors • Business Wire • 07/17/2024 10:43:00 AM
- Drilling Continues to Expand Gold Zones at OKO – 10.0m @ 9.7 g/t Au & 52.3m @ 2.1 g/t Au • GlobeNewswire Inc. • 06/25/2024 10:30:00 AM
- G2 drills 46.5 m @ 1.1 g/t Au at NW OKO Discovery • GlobeNewswire Inc. • 06/03/2024 11:20:46 AM
- Form SD/A - Specialized disclosure report: [Amend] • Edgar (US Regulatory) • 06/03/2024 10:16:49 AM
- G2 Goldfields appoints additional Independent Director • GlobeNewswire Inc. • 05/31/2024 04:30:48 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 10:11:25 AM
- Result of Annual General Meeting 2024 • Business Wire • 05/29/2024 10:07:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/29/2024 10:03:37 AM
- AngloGold Ashanti to earn-in to the NJNB Project • PR Newswire (Canada) • 05/28/2024 09:45:00 AM
- Drilling Continues to Expand Gold Resource at OKO • GlobeNewswire Inc. • 05/13/2024 10:57:52 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/10/2024 10:22:18 AM
- AngloGold Ashanti Delivers Steady Start to 2024; Gold Production1 Up +2% y-o-y; Gold Production Guidance Reconfirmed and Obuasi on Track to Achieve FY 2024 Forecast Gold Production • Business Wire • 05/10/2024 10:18:00 AM
- Latin Metals Receives Positive Results from Airborne Magnetic and Radiometric Survey, Organullo Project, Argentina • GlobeNewswire Inc. • 05/06/2024 12:30:00 PM
- AngloGold Ashanti Announces March 2024 Quarter Production Update Conference Call • Business Wire • 05/03/2024 07:17:00 AM
- AngloGold Ashanti Files Its 2023 Annual Report on Form 20-F and Amended Half-Year 2023 Form 6-K With the SEC • Business Wire • 04/25/2024 11:14:00 AM
- アングロゴールド・アシャンティ:2024年年次総会のお知らせ • Business Wire • 04/15/2024 06:03:00 PM
- AngloGold Ashanti publie un avis de convocation à l'assemblée générale annuelle 2024 • Business Wire • 04/15/2024 04:22:00 PM
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