It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
An extraordinary number of trades were betting that American Airlines stock price would fall. The trades are called "puts" and they involved at least 450,000 shares of American. But what raised the red flag is more than 80 percent of the orders were "puts", far outnumbering "call" options, those betting the stock would rise. Sources say they have never seen that kind of imbalance before, reports CBS News Correspondent Sharyl Attkisson.
In the days before the attacks, unusually high numbers of put options were purchased for the stocks of AMR Corp. and UAL Corp., the parent companies of American Airlines and United Airlines, which each had two planes hijacked. There was no such trend involving other carriers.
Investors have yet to collect more than $2.5 million in profits they made trading options in the stock of United Airlines before the Sept. 11 terrorist attacks, according to a source familiar with the trades and market data.
The uncollected money raises suspicions that the investors -- whose identities and nationalities have not been made public -- had advance knowledge of the strikes.
ONE option trader recalls: "The market had been dead. Then all of a sudden there was a huge spike in trading in certain options - it just came out of nowhere. You have to think that there was something suspicious going on."
So far the focus of the international probe into suspicious trading has centred on an extraordinary surge in trading in certain airlines and insurance companies in the days immediately ahead of the attacks on September 11.
We will probably never know the identities.
What I'm extremely bothered by is the fact that the US gov doesn't seem to be interested in uncovering who profited on this. At least bring those people in to questioning...find out what they know. But...apparently...that and the fact who paid for the attacks...is of "little to no importance" ???
I don't get that logic...how is that not important ? When you hire a killer to kill somebody...the one that hired is the real killer...the paid killer is just a tool...a gun. He is of no importance. Same way as who are the hijackers is not that important, as who orchestrated the whole deal.
Yet...the man they claim orchestrated the attacks...was never officially charged with it...or even accused.
extraordinary surge in trading in certain airlines and insurance companies in the days immediately ahead of the attacks on September 11.