The story began when then New York Subway Train departed
from Pelham Bay Pak Station at exactly 1:23pm and it was hijack by a man
wearing glasses and has a lot of tattoo who was with the three armored men. The
Metropolitan Transportation Authority (MTA) employee named Garber looked at the
huge monitor where he saw that the train stopped its operation so he called the
train operator of Pelham 123 and asked if anything was wrong. At first there
was no one responding the line but suddenly Garber was answered by the man who
hijacked the train and said that his name is Ryder. Ryder asked Garber to get a
calculator with him demanding money in exchange that he will free the 17 hostages
inside the train. The exact money that he told to Garber was $526,315.079
multiply to 0.19 which is equals 10 million dollar and 1 cent. Ryder asked the
exact time and Garber said that it was 2:13pm so Ryder said that he will be
waiting for the money at exactly 3:13pm and must be in cash. If the money did
not arrive on time then he will kill one passenger every minute which he didn’t
exactly do. The lieutenant of NYPD emergency service unit came to the Rail
Controlling Center and he asked Garber that he will be the one to handle the
negotiation. When the lieutenant called, Ryder got angry and he was asking
where Garber is and that he will be the only one to negotiate with him. Ryder
threatens shoot the train operator when the lieutenant refused to get Garber
back. It was too late when Garber got back to be the one to negotiate again
with Ryder. The train operator was already shot which is a friend of Garber.
The lieutenant learned that Garber was being investigated for an alleged
acceptance of bribery over the contract for new subway vehicles. Ryder learned
about it through the online articles posted when he searched about Garber. He
called again and made Garber confessed by threatening to kill another passenger
who begged Garber to admit it. Garber admitted that he received $35,000 bribe
that he used to pay the college tuition fee of his child. Ryder admired Garber
for admitting it to save the life of the passenger and made the passenger thank
Garber. The mayor now agreed to pay the 10 million dollar in exchange for the
passengers. Unfortunately, the police vehicle which carries the money got
caught into an accident while rushing on the way and failed to reach on time.
Garber and Ryder had a conversation and based on the clues that the NYPD got,
Ryder’s real name is Dennis Ford who was a manager before at a private equity
firm and got imprisoned because of investment fraud. There was an extreme drop
in the market stock due to the hijack and the mayor that Ryder was actually
manipulating the market stock by the use of put options. Ryder demands Garber
that he should deliver the money himself. When Garber gave the ransom money,
Ryder brought him inside and told him to operate the train and move it to the
next station.  Garber managed to escape
from the three hijackers. They got away and Ryder escaped from the Waldorf
Astoria Hotel. Garber managed to catch up with Ryder and cornered him in
Manhattan Bridge pedestrian way. The police was on their way to arrest Ryder
but Ryder told Garber that he would not go back to prison again so he wants
Garber to shoot him instead. Ryder threatens him that he’ll shoot Garber if he
does not shoot Ryder. At first, Garber did not want to shoot him but Ryder gave
him 10 seconds to pull the trigger and when the countdown was done and Ryder
was supposed to shoot him, Garber shot him in defense. Ryder told Garber that
he was his hero. The train comes at halt and the Mayor thanked Garber for
saving the hostages and he assured him that the bribery case against him will
be put down.

The relation of the movie to the economics is the stock
manipulation of Ryder in the stock exchange market. During the film there were
several scenes where you can see that Ryder was checking the news as well as
the stock market exchange. He used to put options to give him the right to sell
an asset at a specific price then it will increase its value as the price of
the asset drops. In the future, if the trading is at $100 and you pay $1 for the right to sell it for at least $95 then the future
will drop to $90 dollar. A person could buy futures for $90 and sell them at a
higher price which is $95 then a profit of at least $4 from each $1 you spend
on puts. Ryder had purchased from the derivative contracts that allows them to
benefit in a leveraged way even when the stock market would drop due to the
news of their hijack. It was said that the bigger the drop of the stock market
is and the quicker it happens after the puts were purchased, then the money of
Ryder and the two other guys he is with will be bigger. It was also
unbelievable how his investment went 150 times higher. The total balance that
Ryder got is exactly $307,057,918.78.

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