Mystery Trader Places $1B Worth Of Put Options Suggesting New 9/11 Style Catastrophe

[AuGmENTor]

Oh, I thought there had been a new one issued. My bad.

[Gold9472]

Not that I know of, but the fact that the 90 day threat isn't legitimate doesn't mean that other people aren't projecting the same thing (in this time frame).

[werther]

The put options placed before 9-11 were nowhere near this magnitude were they?

[AuGmENTor]

And: What are the new ones put options on? Did I miss it? The 911 ones were pretty specific.

[Uber Commandante]

The put options were on the Dow Jones Eurostoxx 50 index. If you don't know, an index that you can trade like this is basically a 'make believe' entity that only has worth based on the average worth of the 50 companies that make it up. It offers no physical commodity or anthing.

So, this put trader is speculating that the average worth of the 50 companies that are in the index will drop by 1/3 to 1/2 on average. Then the value of the index will drop by 1/3 to 1/2, thereby making him A FUCKLOAD OF MONEY!!!!ITS MINE, MINE, ALL MINE!!!

[AuGmENTor]

Da?

[Uber Commandante]

and here are the companies that make up that index:

http://uk.finance.yahoo.com/q/cp?s=%5ESTOXX50E

[AuGmENTor]

I skimmed it and only saw one airline. Not that that means anything. I guess they are figuring the whole thing would drop, huh?

[Gold9472]

Uber's smarter than I thought he was.

[amman254]

Uber's smarter than I thought he was.

yeah, some people get "up" when their tokin'....