Someone or some ones have risked a billion dollars that the stock market will lose between 30 and 50 % of it's value on or before the 21 st day of Sept.
What does that mean to you ?
2007-09-04
13:44:46
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6 answers
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asked by
Anonymous
in
Politics & Government
➔ Politics
News & Analysis: Options/Futures
Dispelling the 'Bin Laden' Options Trades
By Steven Smith and Aaron L. Task
Staff Reporters
8/30/2007 3:23 PM EDT
Updated from 7:07 a.m.
Options House
Global Forex
Charles Schwab
Fidelity Investments
TD AMERITRADE
Zecco.com
As if the mortgage-market meltdown wasn't enough to spook investors, some market players expressed concerns about unusual options bets that some observers have dubbed "Bin Laden Trades."
The blogosphere and options trading desks have been rife with speculation about these trades, which are unusually large bets that the market will make a huge move in the next month. Some entity, or entities, has taken a large position on extremely deep in the money S&P 500 options, both puts and calls, that won't pay off unless the market undergoes an extremely large price move between now and the options' expiration on Sept. 21.
http://www.thestreet.com/newsanalysis/optionsfutures/10377063.html
2007-09-04
13:48:38 ·
update #1
Sarah
Just paper like that picture of Queen Elizabeth I carry ?
Or just paper like that picture of Washington you carry ?
2007-09-04
13:52:27 ·
update #2