Investopedia defines put option as “…an option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time’. A “put” becomes profitable as the original price of the underlying stock depreciates (Investopedia). Reinsurance companies such as: Munich Re and AXA Group are companies that coincidently had a spike in purchases of put stocks, as well. In fact, these companies paid out billions for the attack. Other Financial service companies also had spikes in purchases of their stock. The three major ones being Merrill Lynch & Company, Morgan Stanley, and the Bank of America. Each of these companies profited massively from the loss of 9/11. Although initially it may have appeared as if each of these companies suffered from the attacks, they actually profited from what occurred. Although the United and American airlines stock plummeted. 9-11 Research.com explains how unknown investors profited vastly from a financial derivative that increased in value when a stock goes down. (911 Research).In fact, Michael C. Ruppert author of Suppressed …show more content…
The military was on full alert once the announcement came out regarding the towers being destroyed by jets. The North American Air Defense Command (NORAD) had been notified regarding American Airlines Flight 77, but did not send any pilots up in the air until several minutes after. According to Victor Thorn, author of “Who Commanded our Air Force to 'Stand Down' on 911”, there are established procedures that are put in place regarding planes that change their course. Federal law MANDATES states that “the Air Force must dispatch a plane to investigate why a certain craft has strayed from its predestined route” (Thorn). The President of the United States can give orders to shoot an airliner if it is seen as a threat, and are required to investigate in a timely manner before incidents occur. But, oddly enough, the reason Military jets were not sent out immediately as they should have been, is due to only 14 jets being active from the 48 states who were aware of the unfolding events. The North American Air Defense Command was not automatically alerted of the missing planes. The Federal Aviation Administration (FAA) had to call NORAD several times to inform them of the situation. Unfortunately, NORAD nor the FAA responded in a timely manner thus creating the time lag and ultimately the destruction of the World Trade Center, the Pentagon, and Flight