27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Whales with a lot of money to spend have taken a noticeably bearish stance on Anglogold Ashanti.
Looking at options history for Anglogold Ashanti (NYSE:AU) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $269,665 and 5, calls, for a total amount of $539,715.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $25.0 for Anglogold Ashanti, spanning the last three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Anglogold Ashanti's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Anglogold Ashanti's substantial trades, within a strike price spectrum from $20.0 to $25.0 over the preceding 30 days.
Anglogold Ashanti 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AU | CALL | SWEEP | BEARISH | 10/18/24 | $25.00 | $269.5K | 1.0K | 1.0K |
| AU | CALL | SWEEP | BULLISH | 01/17/25 | $22.00 | $135.0K | 4.2K | 600 |
| AU | PUT | SWEEP | BEARISH | 01/17/25 | $25.00 | $100.1K | 38 | 738 |
| AU | CALL | SWEEP | BULLISH | 01/17/25 | $22.00 | $78.3K | 4.2K | 300 |
| AU | PUT | SWEEP | BEARISH | 01/17/25 | $25.00 | $37.6K | 38 | 299 |
About Anglogold Ashanti
Anglogold Ashanti PLC is one of the gold miners. The company also produces silver and sulphuric acid as by-products. Its operating divisions are Africa, Australia, and the Americas. The firm generates a majority of its revenue from Africa which includes Ghana, Guinea, Mali, the Democratic Republic of the Congo, and Tanzania.
Current Position of Anglogold Ashanti
- With a trading volume of 2,263,653, the price of AU is up by 3.94%, reaching $23.24.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 11 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Anglogold Ashanti options trades with real-time alerts from Benzinga Pro.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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