Knight/Trimark Group, Inc. Message Board

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Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

0.0%

Aug 17 5:00 PM EST

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To: freeus who wrote (844)	5/5/1999 7:09:00 PM
From: Joseph F. Hubel	Read Replies (1) of 10027

Freeus, I was just suggesting that had you bought them back during the low, sure you have ST gains on the call, which you would anyway since you got the money when you sold them, but needn't worry about the gains from having the stock called away. Once the price came back as it did today you could have written new calls further out. Then when the shorts have their day, you clean up on the calls and wait for the stock to head back up again to sell them again. I use the Bollinger bands and RSI to predict tops and if it's a stock I think has more room after a consolidation, I sell in the money calls and wait for the shorts to reduce the premium. It's nice safe money. JFH

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