I heard he had a pre-existing stop loss order. Or that's what Martha told me anyway.
Quote from Aaron:
Don't believe everything you hear, Danno... The 9/11 Commission concluded: "further investigation has revealed that the trading had no connection with 9/11. A single U.S.-based institutional investor with no conceivable ties to al Qaeda purchased 95 percent of the UAL puts on September 6 as part of a trading strategy that also included buying 115,000 shares of American on September 10. Similarly, much of the seemingly suspicious trading in American on September 10 was traced to a specific U.S.-based options trading newsletter, faxed to its subscribers on Sunday, September 9, which recommended these trades. The SEC and FBI, aided by other agencies and the securities industry, devoted enormous resources to investigating this issue, including securing the cooperation of many foreign governments. These investigators have found that the apparently suspicious consistently proved innocuous."
Quote from Bitstream:
that's what they want u to believe...the investigation was carried out after massive pressure from the public, suspectin' some1 [american born] inside the us had foreknowledge of the events ... obviously the fbi and the sec conviniently got to the conclusion that it was the it was not alqaida realted to divert attention that maye more than one person acted in full knowledge of what was goin' to come...also there are numerous other transactions in many other securities affected by the attacks and none were investigated...nevermind the fact a huge put premium has not been collected yet.

It's not must on 9/10, the activities had spiked the week leading up to it. The records were never ever released (like the blueprints & engineering details of the WTC). How the 9/11 Commission came up with their data is suspect considering the "science" used in the analysis of the building-collapse. Also don't forget that thousands of private individuals was deputized by the SEC to "investigate" the insider trading. Basically as an official, they cannot disclose or discuss anything they know about the trading activities. Look up the firm that handled the trades, Bankerâs Trust-AB Brown . Then see who the ex Vice Chairman was and what position he held at the CIA...Quote from Aaron:
Don't believe everything you hear, Danno... The 9/11 Commission concluded: "further investigation has revealed that the trading had no connection with 9/11. A single U.S.-based institutional investor with no conceivable ties to al Qaeda purchased 95 percent of the UAL puts on September 6 as part of a trading strategy that also included buying 115,000 shares of American on September 10. Similarly, much of the seemingly suspicious trading in American on September 10 was traced to a specific U.S.-based options trading newsletter, faxed to its subscribers on Sunday, September 9, which recommended these trades. The SEC and FBI, aided by other agencies and the securities industry, devoted enormous resources to investigating this issue, including securing the cooperation of many foreign governments. These investigators have found that the apparently suspicious consistently proved innocuous."
Quote from Mean Reversion:
One buyer. Hedge fund. He bought 115,000 shares of stock also. They weren't even OTM puts. Right ATM.
You must be a kool-aid drinker. If someone wanted to allude SEC detection they'd do the trade OTC.
And if you believe the story of someone not "collecting".....you're an idiot.