EwingsGlass wrote:I am sure his advisors have pointed out to him that he would be in jail for that...
How many did that on 911 and none of them went to jail !
On the days leading up to 9/11, two airlines saw a rise in their put to call ratio. These two airlines were United Airlines and American Airlines, the two airlines whose planes were hijacked on 9/11. Between 6 and 7 September, the Chicago Board Options Exchange saw purchases of 4,744 "put" option contracts in UAL versus 396 call options. On 10 September, more trading in Chicago saw the purchase of 4,516 put options in American Airlines, the other airline involved in the hijackings. This compares with a mere 748 call options in American purchased that day. No others airline companies saw anomalies in their put to call ratio in the days leading up to the attacks.[57] American Airlines however, had just released a major warning about possible losses.[58]
Insurance companies saw anomalous trading activities as well. Citigroup Inc., which has estimated that its Travelers insurance unit may pay $500 million in claims from the World Trade Center attack, had about 45 times the normal volume during three trading days before the attack for options that profit if the stock falls below $40. Citigroup shares fell $1.25 in late trading to $38.09. Morgan Stanley, which occupied 22 floors at the World Trade Center, experienced bigger-than-normal pre-attack trading of options that profit when stock prices fall. Other companies that were directly affected by the tragedy had similar jumps
JAMES DOLAN on Isiah : He's a good friend of mine and of the organization and I will continue to solicit his views. He will always have strong ties to me and the team.
7/7/2010 4:01 PM
