Terrorism or Fraud?
8 October 2013
Over the past decade, the American government’s integrity has come into question for a number of reasons. Many conspiracy theorists believe that the War on Terror was started on purpose and that the American government or large corporations were actually behind the terrorist attack on 9/11. There are numerous reasons for them to believe this, because the stories the government created to cover up 9/11 are quite really pathetic in some cases. Americans now know of many of the details regarding the attack. A few days before the occurrence, there was extremely unusual stock activity that included record numbers of “put-options” put on American and United Airlines. Milliseconds before the buildings came down, eyewitnesses say they heard sounds of explosions going off inside the towers. Many also pondered why the buildings fell straight down like a controlled demolition when they should have fallen to the side. At the Pentagon, even more inexplicable things were happening. The plane that hit the building left no wing marks and there were no airplane parts found. Also, the FBI came and took away all surveillance videos that recorded the crash including surrounding businesses’ videos. Are all of these coincidences? I think not.
On September 11th of 2001, the United States of America was attacked for the second time in history on their own soil. Most Americans remember where they were and what they were doing when news of this heartbreaking story broke. In the beginning, the nation was mostly awe-struck and sad, but within just a few months, questions began to raise. Sadly, one of the worst tragedies in the history of the United States, 9/11, was an inside job. From the uncommon stock activity preceding the attack, eyewitness and expert accounts at the Twin Towers, and the unusual activity at the Pentagon, it is quite clear that this was not an external attack. Less than a week before the catastrophe of 9/11, something quite unusual was going on, on Wall Street. There were extraordinarily large amounts of put options placed on some companies during this time, in addition to the huge number of call options put on other companies. “Put and call options are contracts that allow their holders to sell and buy assets, respectively, at specified prices by a certain date. Put options allow their holders to profit from declines in stock values because they allow stocks to be bought at market price and sold for the higher option price. The ratio of the volume of put option contracts to call option contracts is called the put/call ratio. The ratio is usually less than one, with a value of around 0.8 considered normal” (Insider Trading). It seems very likely that certain individuals used foreknowledge of the attack to reap huge benefits, because all of the companies who saw this drastic change in stock value were affected intensely when the stock market reopened four days after the attack. The two types of companies affected most negatively at this time were airlines and financial services companies. The only two airlines that had unusual amounts of put options placed on them were the ones that had hijacked planes on 9/11- United Airlines and American Airlines; no similar trading happened for any other airline. According to “Insider Trading” there was a jump in United Airlines’ (UAL) put options 90 times (not 90 percent) above normal between September 6 and September 10, and it was 285 times higher than average on the Thursday before the attack. On Sept. 6-7, when there was no significant news or stock price movement involving United Airlines, there were 4,744 put options placed on UAL stock, compared with just 396 call options. American Airlines also saw a jump of 60 times (not 60 percent) on the day before the attack. On the 10th, an uneventful day for American Airlines (AMR), the volume...
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