**$4.5 BILLION 'Bin Laden Trade' STOCK MARKET TO CRASH < SEP 21?** (Reminder: Today's doomsday)

LiveLeak ^ | 24 Aug 2007 | staff

[tlb]

THEY DID IT AGAIN. . . . ANOTHER HUGE SALE OF OPTION CONTRACTS ON $4.5 BILLION WORTH OF STOCKS BETTING THE MARKET WILL LOSE 30%-50% OF ITS VALUE IN FOUR WEEKS!

There are 65,000 contracts @ $750.00 for the SPX 700 calls for open interest. That controls 6.5 million shares at $750 = $4.5 Billion. Not a single trade . But quite a bit of $$ on a contract that is 700 points away from current value. No one would buy that deep in the money calls. No reason to. So if they were sold looks like someone betting on massive dislocation. Lots of very strange option activity that I haven't seen before. I've been doing this about 25 years.

The entity or individual offering these sales can only make money if the market drops 30%-50% within the next four weeks. If the market does not drop, the entity or individual involved stands to lose over $1 billion just for engaging in these contracts!

Clearly, someone knows something big is going to happen BEFORE the options expire on Sept. 21.

[Badeye]

Given how many are registered it would come as no surprise. I just don’t see them standing out in ‘bold’ the way they do on other lesser known websites.

[chuckles]

Just yesterday, while waiting for the employment number for September, it was stated on CNBC that they had the largest short interest in the market in many years. They had been shorting and buying puts all week. Now today, the number comes in better than expected, and they are, once again, ....killed, skinned alive, eyeballs burned from their skulls, hung by the thumbs. All because they can't believe Bush has a good economy. The MSM, daily, every hour tells them the economy is no good. Nobody can afford the $600 Iphone. Nobody will buy Halo3. Blackberries cannot be bought at these levels. Christmas will be canceled. Don't you know we are a 3rd world country, starving, whimpering, riding our mopeds to non existent jobs?

We may have a 10% correction, but it will be after they have removed the bone marrow from the shorts. Believing Bush is an idiot has cost many people everything they own.( including Saddam) Cutting taxes can't be good. Cutting taxes can't be good, cutting tax.................

Someday, they may be right. But for now, Bush has the best economy going in decades, and yes, that includes Clinton's. The Nazdaq isn't at 5000, but the PE's aren't at 300 either.