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Sovereign Wealth Funds Briefing - Categorized | Market

AMR Corp pops on sovereign wealth fund rumors

Posted on 31 August 2010

From Benzinga.com: AMR Corp. is flying higher today, currently positive by 5.12%, trading at $6.34. There are some rumors swirling around trading circles that the company may receive an investment from a large sovereign wealth fund.
Call volume is heightened today as well. The September $7.00 strike has already traded over 12,000 times, surpassing open interest of 9,212 contracts. This indicates new positioning on the strike. The October $8.00 call was also purchased 1,250 times on open interest of 2,023 contracts……………………………………….Full Article: Source


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