Shares of AngloGold Ashanti Ltd. (AU) are trading down 1.15 to 25.58.? AU is making 52-week lows.
Today call buyer are aggressively buying OTM calls in Apr in AU.? The AU Apr 31, 33 and 34 calls are trading .10 and .05 on volume of 3,000, 7,035 and 2,500 respectively. ??Average volume is 2,256 contracts per day in the name.? Open interest is at least the level of the call purchases on each strike.
The trade looks to be a buyer covering short call positions as AU makes 52-week lows.? More short call covering looks possible here.
30-day implied volatility is 28%.?? 10-day implied volatility is 28%.? 30 day implied volatility is trading at the 10 Day Historical volatility.
AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining company with a portfolio of assets and differing orebody types in key gold producing regions