[Moving stop on Knight Trading Group (NITE) LEAPS/Stop to sell Jan '06 12.50 calls (YTIAV) now contingent on stock below $10.79]
Dear Member,
Knight Trading (NITE) closed above resistance yesterday and gapped up this morning. I am attempting to preserve profit now by moving my stop up to sell the Jan '06 12.50 LEAPS. The stop is now contingent on the stock going below $10.79.
DISCLOSURE: At the time of publication, I am long the Jan '06 12.50 calls (YTIAV) on Knight Trading (NITE).
Sincerely,
Bill Kraft
CutLoss, Inc.
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