Sept 21st market crash?

DaveinJapan said: "Anyone heard about this stuff? It's all over the tinfoil hat boards... "Billions in Put Options purchased betting that the market will crash by 9-21 by 30-50%??! Whoever is willing to bet $4.5Billion seems to be pretty sure of his bet. I remember a scandal in Israël not too long ago about a minister selling some of his stock just before the invasion of Lebanon started. Could this be a similar case?" So, conspiracy theories aside, can anyone offer a more LOGICAL explaination of why someone took such extreme billion dollar positions? :laugh:"

Pb3190 said: "Could be money in a numbered account, no names on it? Maybe some foreign group's money, who has some idea that something will happen? I don't know if that much money is a big deal or pocket change as far as puts, but if it is all one person's, they must either be stupid or confident."

DaveinJapan said: "I don't think a two billion dollar investment is really pocket change to ANYONE. In any case, it's a sizable bet to say the least. Supposedly similar positions have been taken in Europe and Asia as well, but I haven't really looked into that too much (the U.S. deal appears legit)."

Corey said: "Realize that you don't know this person's OTHER positions. It may not be a bet to fail, it may be a HEDGE against failing. They might have been a little bit too long and strong."

newinvestor123 said: "From what I understand, for the negative bets to make them any money, the market will have to fall by 30%. I think I read that on inforwars, so if anyone has a more reputable source, please share... That's quite a hedge, if indeed it is one."

lil dickie said: "Seems to me like an investigation ought to be launched into that quickly."

DaveinJapan said: "Did anyone ever investigate the guys who had heavy puts on the airlines on September 10th? I never heard anything more about it. (scary to think what insider info can do, huh??) I'm not donning a tinfoil hat just yet, but I AM curious about such a large transaction that, on the face of it, makes no sense. It is legit as far as I know (friends of mine have confirmed it, with screenshots of the trades in question)...if, in fact, the same trades have been made in Europe and Asia as well... I just don't know. But I'm thinking I might just stay in cash for a month or so. :laugh:"

FirefighterB said: "[QUOTE=DaveinJapan]Did anyone ever investigate the guys who had heavy puts on the airlines on September 10th? I never heard anything more about it. (scary to think what insider info can do, huh??) I'm not donning a tinfoil hat just yet, but I AM curious about such a large transaction that, on the face of it, makes no sense. It is legit as far as I know (friends of mine have confirmed it, with screenshots of the trades in question)...if, in fact, the same trades have been made in Europe and Asia as well... I just don't know. But I'm thinking I might just stay in cash for a month or so. :laugh:[/QUOTE] Dave - New posted it up in another thread. The trades were set in motion beforehand and none of the actions were deemed illegal by the 9/11 commission"

lil dickie said: "Someone should call the authorities...before it's too late!"

DaveinJapan said: "So, they just GUESSED that the airlines would have a really really really really really really really bad day on September 11th?? And loaded up on puts like there was no tomorrow? And people wonder if corruption is a part of the system! :flipoff:"

newinvestor123 said: "The 9/11 Commission found that those who bought the puts did so as a hedging strategy, and also bought an almost equal number of long shares, or something like that.... But I'll don my tin foil hat for a second and say that IF 9/11 was an inside job, and some idiot had inside knowledge of it and decided to make a little money off of it, then covering that little blunder up by saying the puts were part of a hedging strategy and that he/she bought long shares would be the simplest way to do it..."

Corey said: "From what I have read, those shorts put on the week before 9/11 were paired with a 100,000 share buy on 9/10 -- so they just got lucky that the shorts they put on far outweighed the longs. Whether it was just to throw everyone off their trail...who knows -- but the long was a planned second part of the trade. For all we know, this short could be an aggregate short for several funds put on by one bank -- or whatever. Who knows. Are you gonna change your investment strategy? I sure won't. Remember, those who bought on 9/11 and days after made handsome profits."