Market Makers Predicting Another September Attack?

In a piece by TheStreet.com's Steven Smith and Aaron L. Task, the authors do anything but dispel suspicions (despite the title "Dispelling the Bin Laden Option Trades") about why there are currently about 63,000 open S&P 700/1700 box trades. They give some possible scenarios but no real explanation for why there would be such a high volume at the 700 level which is 50% below the S&P's most recent close of 1473.99. Is a September Surprise imminent from this Bush Administration which has already folded and burned the Constitution of the United States of America? I suppose all we can do is wait and see, but I pray to God that if it does happen, the citizens of this country will finally wake up and take to the streets before the last bits of freedom we have left are destroyed.