Reply #17: Based on the article saying both were bought and it was a trading strategy [View All]

[pschoeb]

They probably broke even, or possibly made a little bit of money, depending on the diferences in drops in UAL and AMR stock. Hopefully there will be more information put out, like exactly how many shares of common stock were purchased.

Also the article say institutional investor, which is not always the same as a trader. For example pension funds and foundations would be considered an Instituitional Investor, but not what one would classify as a trading firm.

On the AMR puts, I'm not sure I totally buy the explanantion. Which was that AMR put options were a recomendation of some recent option trading magazine.

I added more to my previous post in an edit after you responded.