- Between September 6 and 7, the Chicago Board Options Exchange saw purchases of 4,744 put options on United Airlines, but only 396 call options. Assuming that 4,000 of the options were bought by people with advance knowledge of the imminent attacks, these “insiders” would have profited by almost $5 million. - On September 10, 4,516 put options on American Airlines were bought on the Chicago exchange, compared to only 748 calls. Again, there was no news at that point to justify this imbalance; Again, assuming that 4,000 of these options trades represent “insiders”, they would represent a gain of about $4 million. - [The levels of put options purchased above were more than six times higher than normal.] - No similar trading in other airlines occurred on the Chicago exchange in the days immediately preceding Black Tuesday.
is this true? or is someone pulling this from the James Bond movie Casino Royale?
Honestly, I don’t know whether I don’t want to believe it or what, but shut up.
Osama placed the trades and used the money to buy his compound in Pakistan…but seriously, I wouldn’t be surprised if one of the persons involved in the planning or some Saudi’s who had connections to Bin Laden or his network placed these trades. My money is on the Saudi’s, they’ve never been our friend!
Where are you getting these numbers? I’ve heard this before and I think it’s an urban legend.
Almost $5 million! Wow! In my line of business, we call this noise.
iteracom Wrote: ------------------------------------------------------- > is this true? or is someone pulling this from the > James Bond movie Casino Royale? This is verified through a fury of google research. I’ve heard it many times though.
murders&executions Wrote: ------------------------------------------------------- > Almost $5 million! Wow! In my line of business, we call this noise. The implication being the amount renders the theory untrue - in my line of business we call this missing the forest for the trees.
Do the terrorists have CFA’s or MBA’s?
le sigh
Palantir Wrote: ------------------------------------------------------- > Do the terrorists have CFA’s or MBA’s? Neither. They have inside information. Inside info >>> ( CFA + MBA )
LPoulin133 Wrote: ------------------------------------------------------- > murders&executions Wrote: > -------------------------------------------------- > ----- > > Almost $5 million! Wow! In my line of business, > we call this noise. > > The implication being the amount renders the > theory untrue - in my line of business we call > this missing the forest for the trees. The collective profits of everyone who took that side of the trade were $5 million. You would be hard pressed to find any trade on any day where the collective profits of the winning side totaled to only $5 million.
I don’t disagree, my point is there are more relevant metrics or reasons why this is probably BS - getting hung up on an absolute metric is missing the forest for the trees. Besides, my issue was more with the condescension of your post. Whatevs.
Everything you read on the internet is true. Everything.
According to the 911 Commission Report: “A single U.S.-based institutional investor with no conceivable ties to al Qaeda purchased 95 percent of the UAL puts on September 6 as part of a trading strategy that also included buying 115,000 shares of American on September 10.” Of course if you believe the conspiracy theories you probably don’t believe anything in the 911 Commission Report anyway. I believe there are other examples of abnormal trading prior to 9/11. I don’t think it’s inconceivable that people with ties to al Qaida were sophisticated/connected/wealthy enough to profit from 9/11.
Is the citation of this increased option activity supposed to support some type of conspiracy theory that 9/11 was engineered by some group other than terrorists? If so, I don’t see how it does that. I would think that a group that is able to plan and excute the 9/11 attack is also capable buying a few thousand put options (the conclusions of the 9/11 Commission Report nothwithstanding). Or are you suggesting that Muslims are not smart enough to grasp the workings of the world’s financial markets? If the citation is not intended to support some type of conspiracy theory, what are you trying to say?
Pretty fucking elaborate scheme for 10MM
I think he’s saying that this has been reviewed and was determined to be business as usual by a domestic investment firm.
might be CIAs who saw it coming
LBriscoe Wrote: ------------------------------------------------------- > I think he’s saying that this has been reviewed > and was determined to be business as usual by a > domestic investment firm. That’s clearly what monger187 is saying, or at least his reference to the 9/11 Commission is saying. I meant what is OP trying to say.