--- In FairfieldLife@yahoogroups.com, "shempmcgurk" <[EMAIL PROTECTED]> wrote: > > Mark: now that you have been informed (by the snopes posting by Anon) > that the American Airlines put options purchase was counterbalanced by > the purchase by the same institutional buyer of American stock, do you > still feel that this was a suspicious trade, as you indicated in a > previous post?
It helps explain the unusually large UAL put volume I observed. It's kind of a weird trade, short the equivalent of 190,000 shares of United, then 4 days later buy 115,000 shares of American to establish the semi-hedge. Also, the official report refers to a newsletter recommending puts to explain some of the other days -- I'd like to actually see the rec and determine the influence of the newsletter. IN short, I think the pre-9/11 option trades were most likely not suspicious, but I wouldn't bet the entire farm on it yet. PS - The report also says the put-buying institution in question (not named) has no conceivable ties to al-queda, which I'm sure is true, but I've never thot it was terrorists doing the trading, but more likely someone in the intelligence community coming across wires and info, nothing concrete, but enough to think something involving those airlines was in play in the near future. I'm curious who the institution or hedge fund is and what their connections with the intelligence community might be. OTOH, they'd have to be pretty stupid to try to profit in such a conspicuous way. To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
