Remember the put options on airlines in 2001?

Remember the put options placed on United and American Airlines shortly before the 9/11 attacks five years ago, betting that their stock prices would plummet?

Simbaud at The King of Zembla notes similar activitiy going on for the Diamonds Dow Trust, S&P Depository Receipts, the NASDAQ, and Market Vectors Gold Miners.

I don't know what it all means, perhaps someone in finance who reads this blog can enlighten us. But given Karl Rove's promise of an October Surprise, one has to wonder.