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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (52402)	9/17/2001 9:09:31 PM
From: BWAC	Read Replies (2) \| Respond to of 70976

May as well have just handed the terrorists the money. More attacks are coming and Wall Street financed it with todays selloff. quote.bloomberg.com "On the day before the Sept. 11 attack, for example, 1,535 contracts changed hands on options that let investors profit if AMR stock falls below $30 per share before Oct. 20. That was almost five times the total number of those options traded before that day, according to Bloomberg data. " "Similarly, October $30 put options for UAL soared, with 2,000 contracts traded on Sept. 6, three trading days before the attack compared with a total of 27 contracts before that day. " "At Morgan Stanley, trading in October $45 puts jumped to 2,157 contracts from Sept. 6 to Sept. 10, almost 27 times a previous daily average of 27 contracts. Options to sell Merrill Lynch shares for $45 apiece before Sept. 22 had 12,215 contracts traded from Sept. 5 to Sept. 10, 12 times the earlier daily average of 252." "Marsh & McLennan Cos., the biggest insurance brokerage, which had 1,700 employees working in the World Trade Center. Traders on Sept. 10 exchanged 1,209 contracts on options that profit if company shares fall below $90 through the third week of September. Previously, 13 contracts had traded on an average day. "