9/11 INSIDER TRADING, OR: “YOU DIDN’T REALLY SEE THAT, EVEN THOUGH WE SAW IT”
Sources tell CBS News that the afternoon before the attack, alarm bells were sounding over unusual trading in the US stock options market — CBS News, September 19, 2001.
A jump in UAL put options 90 times (not 90 percent) above normal between September 6 and September 10, and 285 times higher than average on the Thursday before the attack.— CBS News, September 26
A jump in American Airlines put options 60 times (not 60 percent) above normal on the day before the attacks.— CBS News, September 26
No similar trading occurred on any other airlines.— Bloomberg Business Report;2the Institute for Counterterrorism (ICT), Herzliyya, Israel3 [citing data from the CBOE]
Morgan Stanley saw, between September 7 and September 10, an increase of 27 times (not 27 percent) in the purchase of put options on its shares.
Merrill-Lynch saw a jump of more than 12 times the normal level of put options in the four trading days before the attacks.
Crossing the Rubicon, pg 238
https://www.cia.gov/library/abbottabad-compound/F6/F693879994199D612C64EE9A4666E8EE_Crossing_The_Rubicon_Part_1.pdf