The most prestigious law school admissions discussion board in the world.
|
 |
 
|
UAL and AMR put options before September 11
| ''"'''"''"''''"'' | 11/09/25 |
| ''"'''"''"''''"'' | 11/09/25 |
Poast new message in this thread
Date: November 9th, 2025 10:51 AM Author: ''"'''"''"''''"'' United Airlines (UAL) — Chicago Board Options Exchange (CBOE)
On September 6, 2001, about 2,000 UAL put options traded, compared to an average of around 50–100 per day in prior weeks.
This is roughly a 20–40× increase over baseline volume.
However:
A single institutional investor accounted for a large portion.
The investor also bought other transportation-sector options, consistent with their typical trading pattern. |
Date: November 9th, 2025 10:52 AM Author: ''"'''"''"''''"'' American Airlines (AMR) — September 10, 2001
Around 4,500 AMR put options traded on September 10. Normal volume was usually a few hundred contracts.
This is in the range of 10–20× above normal.
The 9/11 Commission reported that:
The investigator found no links to al-Qaeda.
The trades were made by a US-based investment advisor who normally traded large volumes. |