Puts Purchased on AngloGold Ashanti (AU)

Shares of AngloGold Ashanti AU are lower on the session by 2.28%, currently trading at $43.65. The stock has been moving largely lower over the past three months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the February 2011 $44.00 put was purchased 4,200 times, on the offer, for $1.65 on open interest of only 2,459 contracts. This signals new positioning on the name. Overall put volume is now running at 3.77x the daily average with 89% of all puts 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.