On September 7, the number of put options placed against British Airways was four times the normal volume. The number of put options against American airlines on the day before the attack was 285 times the normal volume. In the days before the attacks, put options surged against Morgan Stanley and Merrill Lynch. Both banks had sizable offices in the World Trade Center. There were also notable surges in gold and oil call options in advance of the attacks. (16:50–16:57)
CLAIM
Asserts that put options surged against Morgan Stanley and Merrill Lynch before the 9/11 attacks.
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