Les traders qui savaient pour le 11 septembre

Les traders qui savaient pour le 11 septembre

The Traders Who Knew About 9/11

🎙 Sébastien Koubar 👥 207K 📅 October 11, 2026 ⏱ 16 min 👁 34K 📄 documentary 🧭 2026-10-16
Available in: English (current) Français

Keywords

9/11put optionsinsider tradingfinancial anomaliesUnited Airlines

Summary

The video investigates unusual trading activity in the days before the September 11, 2001 attacks. It highlights massive increases in put option volumes on United Airlines, American Airlines, Morgan Stanley, Merrill Lynch, and Munich Re, with put/call ratios reaching extreme levels (e.g., 105 on United Airlines on September 6). The narrator explains the mechanics of put options and their leverage. He references a 2006 study by Professor Allen Poteshman, published in the Journal of Business, which found that the trading volumes on those airlines were in the 99th percentile of historical activity, and that the anomaly could not be explained by public news alone. He also cites a study by Marc Chesney from the University of Zurich, which concluded the probability of coincidence was virtually nil. The video then recounts that the FBI and SEC traced most orders to a single institutional advisor (for United Airlines) and a newsletter called Options Hotline (for American Airlines), but the interrogation records are partly censored. The official conclusion was ’no evidence of insider knowledge’, but the creator argues that investigations focused on Al-Qaida’s involvement rather than on possible leaks from US financial circles. He presents the theory that someone with knowledge of the attacks profited, and suggests that official investigations may have deliberately downplayed this possibility to avoid public outrage. The video ends with a promotional segment.

224 words

Critical Evaluation

Value of the Information & Strength of the Argument

The video provides a clear and detailed explanation of put options and presents documented statistical anomalies with concrete numbers. The argumentation is structured: it starts with the anomalies, explains the instrument, then introduces academic studies that quantify the improbability, and finally examines the official explanations. The strength of the argument lies in the cited peer-reviewed research and the logical presentation of evidence. However, the narrative blends factual data with speculative interpretations, particularly when suggesting deliberate cover-ups. The creator also uses emotional language and promotional hooks, which may undermine objectivity. The argumentation is compelling but not flawless; it relies heavily on circumstantial evidence and does not offer alternative explanations beyond the official and conspiratorial extremes.

Scientific Rigor, Source Quality, Title Accuracy

The video cites specific academic papers (Poteshman, Chesney) and names the Journal of Business, lending some scientific legitimacy. The use of official reports (FBI, SEC) is mentioned but without direct references. The creator does not provide URLs for these sources, and the only link in the description is his own product (invvest.co), which is a promotional tool. The title is fully appropriate; the content indeed focuses on traders who might have had prior knowledge. However, the scientific rigor is moderate: while the quantitative anomalies are well-documented, the interpretation of the causes remains speculative. The absence of primary source links and the promotional nature of the channel (invvest) reduce reliability. The video also includes a sponsorship segment (Bricks) and the promotional hook for his own tool, which we note without penalizing the content.

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Title / Content Match

The title accurately reflects the content, which investigates unusual trading patterns before 9/11.

Quality & Reliability

6/10

The video relies on documented anomalies and cites academic studies (Poteshman, Chesney), but also presents speculation and lacks primary source verification. The channel promotes its own tools, which may introduce bias.

Key Moments

Cited Sources

Contribution & Novelties

The video synthesizes known statistical anomalies and academic studies into a coherent narrative for a general audience, making the case for insider trading before 9/11 more accessible. Its originality lies in assembling data from multiple sources and presenting a clear hypothesis. However, it does not provide new primary evidence; it relies on existing research and official reports. The video also introduces the perspective that official investigations may have overlooked non-Al-Qaida insider knowledge.

Pour aller plus loin :

  • Put–call ratio — The indicator used to measure trading anomalies, useful for understanding the statistical basis.
  • Insider trading — Legal and ethical aspects of trading on non-public information, relevant to the video’s claim.
  • September 11 attacks — Historical context and the official investigation results, providing a counterpoint to the video’s theory.

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Radar Profile

The radar profile shows high scores in information quantity (8) and quality (7), moderate technical level (7), and lower reliability (6). This indicates a well-developed but relatively speculative investigation, with strong factual groundwork but a need for more caution in conclusions.

Reliability 6/10