Did anyone else make a killing off airline stocks on 911?

Question

Thanks to insider trading tips from some guy rambling about "Death to America," think the guy's name was Ladin something, any way, made a ton of money on puts. Anyone else profit?

Just wondering cause the Government, nor CNN, doesn't seem keen on listing those who made a handsome profit.

Answer 1

Apparently, from news reports there were a huge number of "put" options placed on American Airlines and others. (Put options allow you to make money when a stock goes down in value by selling stock at a higher price.)

Clearly, someone besides the FBI and French knew that something was happening on 9/11 that would hurt airline stocks. I'd like to hear more about who placed these put options.

We need a thorough investigation of 9/11. The 9/11 Commission report had so many errors and omissions that it was clearly a whitewash.

By the way, anyone who uses Clear Channel as a news source is extremely naive or a paid blogger.

Answer 2

Impressed by the depth of your research. A friend of mine got a $200 round trip ticket to London in late September 2001. More profiting than that I think would interfere with someone's sleep.

Answer 3

Bush's family needed 911 to happen so they can
cry...Saddam is responsible for 911 and THEN

George W's "Uncle Bucky," reported, to have made hundreds of thousands off the Iraq war has revealed that "He also has holdings in "...Lord Abbett & Co., with about 8 million shares of Halliburton . Lord Abbett's trustees, who manage billions controlled by this investment firm, include Bush uncle William H. T. Bush. Lord Abbett is also one of Halliburton's top ten mutual fund holders (another 4.7 million shares)."

William H.T. "Bucky" Bush, uncle of the president and youngest brother of former President George H.W. Bush, cashed in ESSI stock options last month with a net value of nearly half a million dollars.

"Uncle Bucky," as he is known to the president, is on the board of the company, which supplies armor and other materials to U.S. troops. The company's stock prices have soared to record heights since before the invasion, benefiting in part from contracts to rapidly refit fleets of military vehicles with extra armor.

William Bush exercised options on 8,438 shares of company stock Jan. 18, according to reports filed with the U.S. Securities and Exchange Commission . He acknowledged in an interview that the transaction was worth about $450,000.

In an earnings report issued Tuesday, the firm disclosed that net earnings for the first quarter ending Jan. 31 reached a record $20.6 million, while quarterly revenue hit $233.5 million, up 20% from a year ago. As a result, the company boosted its projected annual revenue to between $990 million and $1 billion.

Thanks to bin laden the Bush's sure are getting rich off of
everyone else's kids getting killed...

Answer 4

Someone did. Someone shorted airline stocks a few days before 9-11.
Bush?
Cheney?
Whoever planned it?