Originally Posted by CoMoChief
Well i should rephrase that....there were "put" options on both United and American airlines. Something like 1000% higher than normal, and there wasn't any other similar pattern of betting on any other airlines that day.
The put options on American were made the first trading day after American had announced a major profit warning which pretty much was a warning to investors that their stock price would fall.
The put options on United, although high, weren't even close to the highest spike in put options on United stock that year. There were much larger spikes in put options in March and April of 2011.
Please do some research and formulate your own opinions, and for God's sake stop reading infowars.com.