Zeev's Turnips Talk Politics (ZTTP)

[skono4]

Morgan Stanley Dean Witter & Co., which occupied 22 floors of the World Trade Center, saw 2,157 of its October $45 put options bought in the three trading days before Black Tuesday; this compares to an average of 27 contracts per day before September 6. Morgan Stanley's share price fell from $48.90 to $42.50 in the aftermath of the attacks. Assuming that 2,000 of these options contracts were bought based upon knowledge of the approaching attacks, their purchasers could have profited by at least $1.2 million.


http://stockcharts.com/def/servlet/SC.web?c=MWD,uu[d,a]daclyyay[d20010630,20010911][pb50!b200][vc60]...

MWD had just dropped over 16 points in a month of trading. That might explain some of the put activity