TRUTH
Moderate Poster
Joined: 15 Feb 2006
Posts: 376
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 Posted: Sat May 27, 2006 8:39 am Post subject: Pre-9/11 Put Options |
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Under the guise of business as usual, consider the huge improprieties in the securities markets that went unnoticed before and immediately after 9/11/2001, contributing to the attacks’ awful success and America’s subsequent decline.
I’m talking about the insider trading behind the “put and call options” scandals that allowed certain individuals to pull in huge profits. Stated as simply as possible, put options were used on stocks that would be hurt by the attack, and call options were used on stocks that would benefit. In the put case you’re betting on a fall in the price of stocks; in the call case, you’re betting on a rise in the price of a stock.
Put options were made on the struck airlines, insurance companies and banks pre-and-through-9/11, as if someone had foreknowledge something bad was going to happen to bring down the price of the stocks. A 9-11 Research report on Insider Trading headlines the tale: “Pre-9/11 Put Options on Companies Hurt by Attack Indicates Foreknowledge.”
There were huge surges in the purchase of put options on stocks of the two airlines, specifically United and American, used and abused in the attack. In fact, American and United Airlines, each with two planes that disappeared that day, as early as September 6, were experiencing dramatic spikes in put options on days when their stock prices were stable. Bloomberg News reported put options on the airlines soared to an unbelievable high, 285 times their average.
What’s of interest is that in the time preceding 9/11 nobody noticed or bothered to connect dots in this buying/selling trend. It was “business as usual” while some group conducted a huge insider trading strike that ultimately ravaged the airlines financially, damaged America, killed 2,749 people, and proved very profitable to the perps, in the short and long run.
More in link
http://onlinejournal.com/artman/publish/article_842.shtml |
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