On those days there were 9,260 put options purchased on American Airlines while only 1144 call options.
On those same days, Morgan Stanley Dean Witter & Co which occupied 22 floors of the WTC saw an average of 719 put options per day purchased when they normally see an average of 27 per day.
“Put Options,” are contracts giving the buyer the option to sell stocks at a later date. Purchased at nominal prices of, for example, $1.00 per share, they are sold in blocks of 100 shares. If exercised, they give the holder the option of selling selected stocks at a future date at a price set when the contract is issued. Thus, for an investment of $10,000 it might be possible to tie up 10,000 shares of United or American Airlines at $100 per share, and the seller of the option is then obligated to buy them if the option is executed. If the stock has fallen to $50 when the contract matures, the holder of the option can purchase the shares for $50 and immediately sell them for $100.
2006-12-19 10:13:51 · 9 answers · asked by Anonymous in Politics & Government ➔ Politics
It sure looks like it. You don't have to have fore-knowledge of an event in order to act on a tip.
What is curious to me is the enormous number of people that would have been necessary to be 'in on it', yet these same people unquestionably believe that it was carried out by 20 arabs (19 hijackers + OBL). Half of whom couldn't speak english, and the ringleader thousands of miles away in another country. What's up with that?
Why don't they have the names of the people who benefited from the put options?
2006-12-19 10:52:49 · answer #1 · answered by Webber 5 · 2⤊ 0⤋
I believe it, I also believe that the government knew of the 9/11 threat before it happened. Our economy and government are so intertwined that it is not unrealistic to think someone high up in the government may have told someone in there companies about the threats.
But be realistic, if you find out about an alleged terror attack before it happens, what can you really do? Do you put armed planes in the sky ready to shoot down American passenger jets at a moments notice? No freaking way. I am sure that these kind of threats happen quite often and there is probably insider trading related to these threats, but what can we really do to stop it? Did you own stock in these companies, that lost money on 9/11?
2006-12-19 10:27:00 · answer #2 · answered by 3rd parties for REAL CHANGE 5 · 1⤊ 0⤋
We'll never know the truth. I was in the investment biz back then-institutional-and even stranger was that both carriers are on the SEC list being investigated, which includes among others: Continental, Northwest, Southwest, USAirways, Lockheed Martin, John Hancock, MetLife, General Motors, Raytheon, W.R. Grace, Lone Star Technologies, American Express, the Bank of New York, Bank One, Citigroup, Lehman Brothers, Bank of America, and Morgan Stanley. You might be interested to know that institutional investors can group together as one and trade in virtual secret. (Snopes tied the airlines puts to one institutional investor. A lot of money was made..yes, the SEC investigations said it was "coincidence". On all of it.
2006-12-19 10:42:45 · answer #3 · answered by Middleclassandnotquiet 6 · 1⤊ 0⤋
Martha Stewart did nothing actually wrong, she was never convicted of insider trading, the charge not true. however the Prosecuting atty who wanted to make a name for himself intimidated her so badly she tried to get her secretary to tell a lie to cover the non crime up. She was convicted of lying under oath. Strangely enough, all the dirty filthy immoral workings by the mortgage industry by the Fannie and Freddie were made legal by a democrat congress who just loved campaign contributions. Since their actions were technically legal, and even mandated by law. no one was prosecuted. As for 9/11 If 0bama had a single shred of evidence, Bush, or any republican had knowlege of the attack or aided the attackers it would have been leaked faster than the democrats leaked the classified waterboarding stories on those 3 mass murdering terrorists for political gain.
2016-05-22 22:09:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Almost all those options trades were handled by Deutsche Bank.
The head of DB resigned on 9-13 to take a job in an industry in which he had no knowledge or experience. I can't remember the name of the firm right now.
Every Wall Street professional that looked at those transactionm numbers has said the same thing; "Somebody knew something."
2006-12-19 10:17:55 · answer #5 · answered by bettysdad 5 · 2⤊ 0⤋
There were not put options on airline stock.
Snopes covered it. It's crap.
http://www.snopes.com/rumors/putcall.asp
2006-12-19 10:16:11 · answer #6 · answered by The_Cricket: Thinking Pink! 7 · 1⤊ 1⤋
In other words: hundreds of thousands, maybe millions, of people knew the attack was coming, and were in on it.
Good thinking.
2006-12-19 10:20:01 · answer #7 · answered by Anonymous · 2⤊ 1⤋
Those dates do have something to do with 9/11, they preceeded it!!
2006-12-19 10:22:52 · answer #8 · answered by The Real Bill Clinton 1 · 2⤊ 3⤋
It wouldn't surprise me if there were Arabs behind these transactions.
2006-12-19 10:47:35 · answer #9 · answered by yupchagee 7 · 1⤊ 1⤋