THE "PUT OPTIONS" THING
REFUTED
Did you know that the
much-maligned
9-11 Commission investigated many of the
conspiracy stories surrounding 9-11?
9-11 Commission investigated many of the
conspiracy stories surrounding 9-11?
Well they did. The Commission says this about the "put options" story, put forward by Michael Ruppert, Alex Jones, & others:
Some unusual trading did in fact occur, but each such trade proved to have an innocuous explanation. For example, the volume of put options-investments that pay off only when a stock drops in price-surged in the parent companies of United Airlines on September 6 and American Airlines on September 10-highly suspicious trading on its face. Yet, further investigation has revealed that the trading had no connection with 9/11. A single US based institutional investor with no conceivable ties to al Qaeda purchased 95 per cent 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. Similarly, much of the seemingly suspicious trading in American on September 10 was traced to a specific US based options trading newsletter, faxed to its subscribers on Sunday, September 9, which recommended these trades.
Thanks to Penn & Teller's Bulletin Board.