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SeC
08-26-2007, 05:35 PM
BILLIONS IN PUT OPTIONS PURCHASED BETTING THAT THE MARKET WILL CRASH BY 9-21

http://www.rumormillnews.com/cgi-bin/forum.cgi?read=108416

redrat11
08-26-2007, 05:43 PM
What do you think SEC, is this real or memorex?

It's a fake story circulating around the net for government purposes.

littlejohn
08-27-2007, 01:39 PM
from what I understand these were put and call options bought by the same entity whomever they may be. It's set up so that they lose only trade costs (several million on something this big) if the market dosent go down but if it loses more than 30% they make a fortune. Actualy this one is small potatoes compared to the similar ones bought in the european market a couple weeks ago. Whoever put that one out gambled over 6 billion.

What are the traders saying?

US

http://www.tickerforum.org/cgi-ticker/akcs-www?post=4669

Euro

http://www.tickerforum.org/cgi-ticker/akcs-www?post=5088

Lots of people worried about the banks teetering too.

littlejohn
08-27-2007, 09:38 PM
Just heard their is a similar one on the Japanese market now dont have a dollar value yet. It is set to die on he 14 instead of 21st though