The
Bloomberg News reported that put options on the airlines surged to the phenomenal high of 285 times their average.
suggesting that certain individuals used foreknowledge of the attack to reap huge profits.
Or maye the fact that the twin towers were insured against a terrorist for 1.5 billion dollars 3 weeks prior to the attack might make some suspicous
While most companies would see their stock valuations decline in the wake of the attack, those in the business of supplying the military would see dramatic increases, reflecting the new business they were poised to receive.
Raytheon, maker of Patriot and Tomahawk missiles, saw its stock soar immediately after the attack. Purchases of call options on Raytheon stock increased sixfold on the day before the attack.
A Raytheon option that makes money if shares are more than $25 each had 232 options contracts traded on the day before the attacks, almost six times the total number of trades that had occurred before that day. A contract represents options on 100 shares. Raytheon shares soared almost 37 percent to $34.04 during the first week of post-attack U.S. trading.
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