Unusual Stock Activity Pre-9/11
August, 2001: The weeks and days preceding the attacks saw unprecedented stock activity. A large number of put option purchases (a speculation that the stock will go down) that expire on September 30 at the Chicago Board Options Exchange are bought in early August. If exercised, these options would have led to large profits. One analyst later says, “From what I’m hearing, it’s more than coincidence.”
September, 2001: Unusual trading of shares of 38 companies in the days just before 9/11 will later be investigated by the SEC (the Securities and Exchange Commission.
(Editor’s note: Insider Trading is more correctly referred to as “Informed Trading.” Did interests with advanced knowledge of the attacks position their investments in order to profit in the aftermath? More to come as 9/11 Anniversary reports continue.)