Call Buyers Look for AngloGold to Mine Profits (AU)

Shares of AngloGold Ashanti Limited AU are higher on the session by 5.42%, currently trading at $47.00. The stock has been moving largely higher over the past six months, off of a recent base near $36.00. The stock just broke through (think today) the key resistance level of $45.00. Options traders are looking for the stock to continue its run. There have been three notable trades: 1. October $45.00 call bought 1,600 times on open interest of 10,937 contracts 2. October $50.00 call purchased 1,500 times on open interest of 2,184 contracts 3. April 2011 $55.00 call purchased 1,000 times on open interest of 13 contracts Call volume is currently running at 3.03x the daily average with 80% of all calls traded being purchases on the offer. AngloGold Ashanti Limited is a global producer of gold. AngloGold Ashanti has 21 operations and a number of exploration programs in gold-producing regions of the world. As of December 31, 2009, AngloGold Ashanti's ore reserve totaled 71.4 million ounces. During the year ended December 31, 2009, the company produced 4.6 million ounces of gold from its operations. AngloGold Ashanti's main product is gold. Revenue is also derived from the sales of silver, uranium oxide and sulphuric acid. For more great research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.