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September 29, 2001: $2.5 Million in Airline Options Go Unclaimed

2001-09-29

$2.5 million in put options on American Airlines and United Airlines are reported unclaimed. This is likely the result of the suspension in trading on the New York Stock Exchange after the attacks which gave the SEC time to be waiting if the owners showed up to redeem their put options placed the week before the 9/11 attacks. [San Francisco Chronicle, 9/29/2001]