. . to believe
(from https://www.snopes.com/fact-check/put-paid/)
". . . Highly publicized allegations of insider trading in advance of 9/11 generally rest on reports of unusual pre-9/11 trading activity in companies whose stock plummeted after the attacks. Some unusual trading did in fact occur, but each such trade proved to have an innocuous explanation. For example, the volume of put options — instruments 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 U.S.-based institutional investor with no conceivable ties to al Qaeda purchased 95 percent 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 U.S.-based options trading newsletter, faxed to its subscribers on Sunday, September 9, which recommended these trades. The SEC and FBI, aided by other agencies and the securities industry, devoted enormous resources to investigating this issue, including securing the cooperation of many foreign governments. These investigators have found that the apparently suspicious consistently proved innocuous. . ."
(from https://truthout.org/articles/911-terrorists-made-millions-on-the-stock-market/)
". . . a former senior manager (Major Fraud and International Enforcement) with the Australian Securities and Investment Commission (ASIC), notes that the German Stock Market Commission reported that in the days before 9/11, derivatives traded on underwriter Munchener Ruck were twice normal volumes. Munchener Ruck’s share price dropped 22 per cent after the attacks. . .On 7 September 2001, the number of ‘put options’* on British Airways was four times normal volumes. British Airways shares dropped 42 per cent over the following week. . . Between 6-7 September, 4 744 put options were bought on United Airlines, six times the normal volumes. Assuming that 4 000 of these options were bought by terrorists with advance knowledge of the imminent attacks, these ‘insiders’ would have profited by almost $5 million. . . On 10 September, 4 516 put options were bought on American Airlines, 285 times normal volumes. Assuming that 4 000 of these options were purchased by ‘terrorist insiders’, they would have netted a gain of about $4 million. . ."
Which Way To Go
- Eddy Current Suppression Ring
