Topic: Large bet that market will crash by 9/21
I read a thread on rumormillnews which was confirmed by a stock trading forum. Some person or group has placed an option (I'm not sure of the exact term) to the tune of $700 million betting that the market will tank 30% or more by 9/21. This sounds a lot like the kind of short selling that went on prior to 911, except back then it was just airline stocks this time it's the entire market. Any thoughts?