AA/UA-PUTS
https://www.globalresearch.ca/unusual-trading-in-stock-options-prior-to-9-11-government-destroyed-documents-regarding-pre-9-11-put-options/19750
AA:
-NFS
-TD
Sources tell 60 Minutes that the initial options were bought through at least two brokerage firms including NFS, a subsidiary of Fidelity Brokerage, and TD Waterhouse, a discount firm.
TD Waterhouse says they handled approximately 3 percent of the initial orders for "puts" on American Airline stock. The company says it has looked at the orders and has determined no evidence of any suspicious activity.
FMR Corp. spokeswoman Anne Crowley, said her firm -- which owns the giant Fidelity family of mutual funds in Boston -- has already provided "account and transaction" information to investigators, and had no objection to the new procedures announced yesterday. Crowley declined to describe the nature of the information previously shared with the government.
TD Waterhouse, of New York, and NFS, a subsidiary of Fidelity of Boston, said they had received inquiries from financial regulators regarding trading of options on AMR Corp., the parent of American Airline
https://www.sfgate.com/business/article/brokers-help-probe-pre-attack-trades-look-2877207.php
The substantial increase in AMR put volume on September 10 was based largely on a surge in volume in the October 30 put series. Purchases of the October 30 puts appear to have been triggered by a recommendation to purchase made by Options Hotline, a California newsletter; 1535 contracts of the October 30 put series traded on September 10, constituting 67 percent ofthe total volume of 2,282 puts traded on the day. We interviewed 28 individuals who purchased the October 30 put series and 26 of them cited the "Options Hotline" recommendation as their basis for purchasing. They purchased 388 contracts. An additional 27 individuals whose names appeared on the "Options Hotline" subscriber list purchased another 365 contracts, bringing the total to 763 contracts. The remaining contracts were purchased in small amounts by previously established accounts in widely dispersed locations primarily in the United States.
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UA:
-A.B. D.B. (9/6)
-Solomon Smith Barney
-Goldman Sachs
-Lehman Brothers
-A floor broker with TFM Investment Group, the market maker in UAL options at the Pacific Exchange, also refused to comment.
https://www.sfgate.com/business/article/new-scrutiny-of-airlines-options-deals-2877666.php
Pg 13
https://www.scribd.com/document/355572600/T4-B3-Trading-Info-Rcd-8-28-Fdr-FBI-Timeline-8-14-03-pdf
SEC MAY 15, 2002:
An investment adviser registered with the Commission and based in the United States purchased 2,000 UAL October 30 put options on September 6. That trade constituted 96 percent of UAL put option volume for the day. We interviewed both the
CEO of the adviser and the trader who executed the transaction.2 We also reviewed account statements for the adviser. Both the CEO and the trader stated that they manage several hedge funds and have a total of $5.3 billion under management. Both also stated that they make the investment decisions for the accounts they advise (and that they do not accept client recommendations. They said the 2,000 contract purchase was part of a series of transactions they had effected in airline related securities.
call option sales in UAL and AMR in the period of. August 20 to September 10. We also contacted and/or referred to the FBI the 21 individuals and entities who held large bearish positions (i.e., 200 or more puts or calls) in either UAL or AMR on September 10, regardless of when the positions were established. The relevant accounts were identified on the LOPR report obtained by the staff from the Pacific Exchange.
U.S.-based investment advisor registered with the SEC purchased 2,000 UAL puts on September 6, constituting 96% of the volume. The SEC's Eric Ribelin and Andrew Snowden interviewed both the CEO of the advisor and the trader who executed the transaction. They received the innocuous explanation for the trade which is set forth in
the SEC report. [See Report at 9 (explaining the advisormanages hedge funds with $5.3 billion under management,
pg 14:
https://s3.amazonaws.com/NARAprodstorage/opastorage/live/25/6097/2609725/content/arcmedia/9-11/MFR/t-0148-911MFR-00139.pdf
UAL put trade on September 7, 2001. A single trader bought more than one-third of the total puts purchased that day, establishing a position that proved very profitable after 9/11. Moreover, it turns out that the same trader had a short position in UAL calls—another strategy that would pay off if the price of UAL dropped. Investigation, however, identified the purchaser as a well-established New York hedge fund with $2 billion under management.
https://govinfo.library.unt.edu/911/staff_statements/911_TerrFin_App.pdf
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UA,AA,BA,MARIOT,MARSH,AIG 8/24/01-9/10/01:
-UBS DEAN
-MORGAN STANLEY
-SALOMON MSITH
-LEHMAN
Pg 11
https://www.scribd.com/document/355572600/T4-B3-Trading-Info-Rcd-8-28-Fdr-FBI-Timeline-8-14-03-pdf
Weill replaced Carpenter with his long-time confidant and the firm’s chief operating officer Chuck Prince.
Citigroup declined to comment on whether Prince would consider taking Carpenter’s role on the NYSE board.
The exchange, led by chairman Dick Grasso, counts several Wall Street honchos among its ranks. They include Merrill Lynch chairman David Komansky, J.
P. Morgan Chase chairman Bill Harrison, Bear Stearns chairman Jimmy Cayne, and Goldman Sachs chairman Henry Paulson.
https://www.nydailynews.com/2002/10/04/former-salomon-ceo-exits-nyse-board/
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