Not sure what to make of this: If true, this is very grim news indeed.
posted on 08/31/2007 1:13:23 PM PDT
And yet no names of these speculators ever comes to light.... just that it happens, like it happens every day,...
posted on 08/31/2007 1:20:08 PM PDT
(Qwerty ergo typo : I type, therefore I misspelll.)
The pre-9/11 options traders *bought* shares of airliners and protected the value of those shares with options contracts. Had it just been the options contracts alone (which was what was reported), it would have been a big deal.
The current options move has a single Player buying both puts and calls...a harmless spread trade, but the article is only mentioning one side of that trade in order to be sensational.
posted on 08/31/2007 1:22:41 PM PDT
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
posted on 08/31/2007 1:23:00 PM PDT
(FDT/2008 -- talk about it >> irc://irc.freenode.net/fredthompson)
posted on 08/31/2007 1:37:31 PM PDT
(And then it occured to me: a real rocket scientist posted the Friday silliness thread on Thursday.)
Huge surges in purchases of put options on stocks of United Airlines and American Airlines, the two airlines used in the attacks, and put options on Merrill Lynch & Co., and Morgan Stanley, stocks of two financial services companies hurt by the attack were noted.
This conspiracy crap has been totally debunked. The market conditions at the time made those positions "resonable".
A couple of critical things the article doesn't address (which makes it pretty worthless):
1. What is the *usual* put option volume?
2. What is the volume of *call* options on the mentioned dates?
posted on 09/01/2007 8:24:08 AM PDT
(We should withdraw from Iraq — via Tehran. And Duncan Hunter is just the man to get that job done.)
Half an hour to closing. Down 260. Look out below!
posted on 09/07/2007 12:06:55 PM PDT
(It's Brecht's donkey, not mine)
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