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I remember the days before September 11th. You see, it was very unusual for anybody with any understanding of trading to buy puts on the bottom of the trading range. The United States Treasury bond (TYX.X) was already reversing. There was no news, or events which could stop the bond from buying over sold stocks, which in that case would make them go up.
The bond people do not care, they just buy, as long as they reach their desired effect. The amount of money which can come out of a reversing bond is incredible. That way, I do not believe that anybody who is normal, and knows anything about trading, would be buying puts (with short expiration dates) on the bottom of the trading range. They would buy them on the top; they might not sell it, but for anybody who trades, it would be suicidal to buy puts on the bottom of a trading range.
I really do have big doubts that that kind of buying in Boeing and other airline stocks was just coincidental. Since those jerks killed our own people, I hope that the Federal government will take a good look at what was the motivation, and the connection. I am not asking for revenge, I'm asking for justice. Those jerks killed lots of decent and innocent people. Some of them were traders. No one should make profit out of the blood of innocent traders and people.