Check Out What Whales Are Doing With Anglogold Ashanti

Someone with a lot of money to spend has taken a bearish stance on Anglogold Ashanti AU.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with AU, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for Anglogold Ashanti.

This isn't normal.

The overall sentiment of these big-money traders is split between 9% bullish and 90%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $296,100, and 3 are calls, for a total amount of $158,955.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $35.0 for Anglogold Ashanti over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Anglogold Ashanti options trades today is 260.29 with a total volume of 3,339.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Anglogold Ashanti's big money trades within a strike price range of $20.0 to $35.0 over the last 30 days.

Anglogold Ashanti Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Anglogold Ashanti Standing Right Now?

• With a volume of 4,592,503, the price of AU is up 4.35% at $26.48.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 13 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Anglogold Ashanti, Benzinga Pro gives you real-time options trades alerts.