put options
From the really complicated thread some stuff about put options
From the really complicated thread some stuff about put options
They needed a reason for war, I do not know for sure whether they planned them, but if they didn't they certainly allowed them to happen.
This is a skeptics favourite! Its been debunked and then provide no links or evidence for it.
Suspicious trading occurs on the stock of American and United, the two airlines hijacked in the 9/11 attacks. “Between 6 and 7 September, the Chicago Board Options Exchange [sees] purchases of 4,744 put option contracts [a speculation that the stock will go down] in UAL versus 396 call options—where a speculator bets on a price rising. Holders of the put options would [net] a profit of $5 million once the carrier’s share price [dive] after September 11. On September 10, 4,516 put options in American Airlines, the other airline involved in the hijackings, [are] purchased in Chicago. This compares with a mere 748 call options in American purchased that day. Investigators cannot help but notice that no other airlines [see] such trading in their put options.” One analyst later says, “I saw put-call numbers higher than I’ve ever seen in ten years of following the markets, particularly the options markets.” [Associated Press, 9/18/2001; San Francisco Chronicle, 9/19/2001] <--Link doesn't work as I think you have to subscribe!
“To the embarrassment of investigators, it has also [learned] that the firm used to buy many of the ‘put’ options ... on United Airlines stock was headed until 1998 by ‘Buzzy’ Krongard, now executive director of the CIA.” Krongard was chairman of Alex Brown Inc., which was bought by Deutsche Bank. “His last post before resigning to take his senior role in the CIA was to head Bankers Trust—Alex Brown’s private client business, dealing with the accounts and investments of wealthy customers around the world.” [Independent, 10/14/2001] http://news.independent.co.uk/business/news/article161862.ece
September 6-10, 2001: Suspicious Trading on Stocks of Two Large WTC Tenants The Chicago Board Options Exchange sees suspicious trading on Merrill Lynch and Morgan Stanley, two of the largest WTC tenants. In the first week of September, an average of 27 put option contracts in its shares are bought each day. Then the total for the three days before the attacks is 2,157. Merrill Lynch, another WTC tenant, see 12,215 put options bought between September 7-10, when the previous days had seen averages of 252 contracts a day. [Independent, 10/14/2001] Dylan Ratigan of Bloomberg Business News, speaking of the trading on Morgan Stanley and other companies, says, “This would be one of the most extraordinary coincidences in the history of mankind if it was a coincidence.” [ABC News, 9/20/2001]
http://web.archive.org/web/20010928...ons/us/DailyNews/WTC_Investigation010920.html
I would like to hear the debunking of the put options...this will be hilarious!!![]()
Put options:
Yes they were higher than normal just prior to 9/11, I believe the average was about 1000, and they reached upto 4000 prior to 9/11 (I am going off memory here). However, on two other occasions in 2001 the same options reached levels higher than that, and on one occasion (I believe either april or june 2001) they reached 8000. So why no terrorist attack on those occasions?
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