[Buying LEAPS on Knight Trading Group (NITE)/Buying Jan '06 $12.50 calls (YTIAV)/Day order Limit $1.10]
Dear Member,
I am buying the Jan '06 $12.50 LEAPS calls (YTIAV) on Knight Trading Group (NITE)at a limit of $1.10. The stock has recently broken up through resistance. My initial exit will be $9.46 on the stock if it turns against me.
DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.
Sincerely,
Bill Kraft
CutLoss, Inc.
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