[Raising stop on Knight Trading (NITE)/Stop to sell Jan '06 12.50 calls (YTIAV) now contingent on stock going below $11.22]
Dear Member,
Once again, I am able to raise my stop on the Jan '06 12.50 calls (YTIAV) on Knight Trading (NITE). My stop to sell these calls is now contingent on the stock going below $11.22.
The move is an attempt to preserve increased profits.
DISCLOSURE: At the time of publication, I am long the referenced Jan '06 12.50 call options on NITE.
Sincerely,
Bill Kraft
CutLoss, Inc.
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