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Strong Calls On Anglo Am; Puts On Savient

 

Anglo American

By Jon "DRJ" Najarian

Global mining company Anglo American is seeing heavy call action after announcing that it would cut 2009 spending programs by more than 50%.

The global mining company averaged 168 call contracts per day in the last month but saw about 14,000 calls in 15 minutes this morning, according to optionMONSTER's tracking systems. The intense action involving Anglo American, which accounts for 10% of the South African benchmark index, apparently followed a newsletter remarks about the company. ...

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