Port of Houston Closure & Put Options, Conspiracy?

People, I have just come across this and don't know if its something or nothing. Apparantly there has been an incident at the Port of Houston which has delayed oil deliveries by several days and is pushing the price of oil up slightly...

But, however, it has been reported that someone has been putting very large 'Put' options on the Port Authority loosing its value over the next few weeks, which is a sure sign that someone was in the know, is it not?

This article was released within the last 15minutes...

Link To News

Deliveries to the port are stacking up quickly. The back-up of vessels running shipments to the port is estimated to take a number of days to clear once the channel is reopened. The price of crude on the NYMEX has been buoyed by this accident because shipments of oil to Gulf Coast refineries have been disrupted for a number of days.

Port of Houston Info

I don't know what type of site this is, but it discusses the put options and has loads of links relating to it:

TNSONSOFLIBERTY

FRIDAY October 1, 2010 there was a high volume of "put options" placed on "OKS" which is Oneok Partners LP. This is an energy company out of Tulsa. they own several other companies, such as Houston based Texas Eastern Transmission, LP. www.schaeffersresearch.com... A "put option" is a bet that the stock will go down within 30 days. OKS normal MONTHLY put option is 56. FRIDAY 10/1/2010 there were a total of 500 put options placed in one day. www.google.com...:OKS www.google.com...

You guys are usually pretty good at this, is it something to look at? Isn't this what happened to the AIrline stocks on 9/11?

Been searching for more information on the Port of Houston, and this seems like it is getting more an more conspiracy related; if not only through associated topics:

Port of Houston Buys Biometric Technology

The Port of Houston, TX purchased Intellicheck Mobilisa ’s TWIC readers and began an official pilot test using this new technology. Intellicheck Mobilisa is a global provider of access control and wireless security systems. Its newest client, The Port of Houston, TX, is a major seaport located in the fourth largest city in the United States. The TWIC program, a Transportation Security Administration and US Coast Guard initiative has been designed to provide tamper-resistant biometric identification cards to port facility workers. As of April 15, 2009, the government has made TWIC cards a mandatory requirement for access to all U.S. ports. The Intellicheck Mobilisa TWIC reader handheld device can validate TWIC credentials and the company expects this universal reader will eventually be used at each of the more than 175 seaports in the United States. Dr. Nelson Ludlow, CEO of Intellicheck Mobilisa, noted in press release that its ruggedized mobile device is currently undergoing pilot testing at many major ports in the United States, and it offers a flexible range of capabilities for improving port security.

Marketwatch Press Release

PORT TOWNSEND, Wash., Oct 01, 2010 (BUSINESS WIRE) -- Intellicheck Mobilisa, Inc. /quotes/comstock/14*!idn/quotes/nls/idn (IDN 1.40, +0.20, +16.67%) , a global leader in access control and wireless security systems announced today that the Port of Houston, Texas purchased the company's TWIC readers and began an official pilot test using this new technology.

The date of the press release is also the 1st October!?

What is happening here, why would somebody palce a highly unusual and extravagant number of put options, on the same day that the company released to the press details of a buyout- which put the shares up... but then also an accident closes part of the port and pushes up oil prices?

Anyone any ideas!?

Originally posted by carlitomoore
But, however, it has been reported that someone has been putting very large 'Put' options on the Port Authority loosing its value over the next few weeks, which is a sure sign that someone was in the know, is it not?

There's a distinction that needs to be made here... They're not put options on the Port Authority itself; they're put options on companies doing business in the port. The Port Authority isn't a publicly traded company... it has no stock to put.

But it is worth keeping an eye on. Thanks for bringing it up!

There's your problem :
CNN -Leaning electrical tower blocks Houston port

Can no-one on this site confirm or deny that these put options were placed just days before this accident happened? No-one with any knoledge of markets and how they operate?

This is the company who is reported to have made the put options:

Put Option Placers

Or should I say these are the people who would stand to benefit from the put options.

Here is a video that is explaining put options, if anyone has a better way of explaining the proccess, the please post it.



Here are some videos relating to these options:





Who are SMF street traders? There is a huge buzz on the internet, they are making huge bets and everyone is aware of them as they are so called 'big boys'.

Here is info on the S&P 500, the market the options were placed on:

S&P 500

The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock market exchanges; the NYSE Euronext and the NASDAQ OMX.

Did no-one find out anything about this then? Is it buried?