| AngloGold gets vote of confidence | |
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AngloGold Ashanti has been on the rise, and one trader apparently thinks that there's no going back.
optionMONSTER's tracking programs detected the sale of 9,600 December 9 puts yesterday, most of which fetched $0.80. Volume dwarfed previous open interest of just 15 contracts, which indicates that new positions were initiated.
Short puts generate income and create an obligation to buy shares if they fall below the strike price. Traders use the strategy when they like a stock and believe that downside is limited. Yesterday's trade remains profitable over $8.20. (See our Education section)
AU rose 3.42 percent to $9.08 yesterday. The South African company is up 60 percent from an all-time low of $5.64 reached in early August. It's been rebounding along with other gold miners has investors seek value in the beaten-down sector and price in continued easy money from the U.S. Federal Reserve.
Overall option volume was 10 times greater than average in the session.
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AngloGold Ashanti Ltd
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PRODUCER |
CODE : AU |
ISIN : US0351282068 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
AngloGold is a gold exploration company based in South africa. AngloGold produces gold, copper, silver and zinc in Argentina, in Australia, in Brazil, in Canada, in Ghana, in Guinea, in Mali, in Namibia, in South Africa and in Tanzania, develops gold and iron in Australia, in Brazil, in Colombia, in Congo Dem. Rep. of and in South Africa, and holds various exploration projects in Philippines. Its main assets in production are CRIXÁS, MINERAÇÃO, SAO BENTO, ANGLOGOLD ASHANTI MINERAÇAO and CRIXAS MINE in Brazil, SUNRISE DAM GOLD MINE in Australia, NAVACHAB MINE and NAVACHAB in Namibia, YATELA, MORILA and SADIOLA in Mali, CERRO VANGUARDIA in Argentina, MPONENG (WESTERN DEEP NO. 1 SHAFT), TAUTONA (WESTERN DEEP NO.3 SHAFT), BAMBANANI, TAU LEKOA, MPONENG, SAVUKA, TAU TONA, GREAT NOLIGWA, KOPANANG and CRIPPLE CREEK & VICTOR (CRESSON MINE) in South Africa, SIGUIRI in Guinea, TEBEREBIE, IDUAPRIEM, OBUASI and KUBI in Ghana, GEITA in Tanzania and TROUT LAKE MINE and CALLINAN MINE in Canada, its main assets in development are MOAB KHOTSONG in South Africa, MINAS-RIO in Brazil, LA COLOSA and GRAMALOTE in Colombia, KIBALI (KILO-MOTO) in Congo Dem. Rep. of and TROPICANA in Australia and its main exploration properties are HUALATAN and ER in Peru, MKURUMU in Tanzania, 777 PROJECT and RIVARD in Canada, LOUBOUGOULA, GOODPASTER and ALAMOUTALA (SADIOLA II) in Mali, BAMBADJI in Senegal, MORRO VELHO in Brazil and SIANA in Philippines. AngloGold is listed in Australia, in Germany and in United States of America. Its market capitalisation is US$ 11.7 billions as of today (€ 10.5 billions). Its stock quote reached its lowest recent point on November 23, 2018 at US$ 10.00, and its highest recent level on September 06, 2024 at US$ 28.52. AngloGold has 409 109 984 shares outstanding. |