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Non-Tech : Knight/Trimark Group, Inc.
KCG 20.000.0%Aug 17 5:00 PM EST

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To: vestor who wrote (4331)9/25/1999 1:57:00 AM
From: Gary Korn  Read Replies (3) of 10027
 
It was another good day for volume and, certainly, volatility. Beyond that, NITE has been behaving fairly well here in the high 20s.

I'm very bullish, at this juncture, about selling puts, about 1 or 2 months out and repeating the move for as long as the stock remains in this territory. The premiums are excellent.

Even now you can get over 2 points for the November 25s, which offers a nice 1 1/2 month premium and significant downside protection. Or, more aggressive, you can get 4 1/2 points for the November 30, with no realized loss until the stock drops to 25 1/2.

Gary Korn
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