Option Writers Newsletter, Thursday, 10/06/2005 06:08:56 AM ET
WATCH LIST GROWS OS & HGSI joins CYBP
by Steve Gail
HAVING TROUBLE PRINTING?
TWO MORE ADDED TO WATCH LIST (HSGI and OS Join CYBP )
Our watch list is made up of recommended option put writes that have moved
into a position where they may have to be liquidated for a loss. We are informing you of these issues that are currently under monitoring at this time and have been placed on our watch list
HGSI Added to WATCH LIST
No sooner do we get a fill on HGSI,
its stock price action forces us to add it to our watch list.
OS added to WATCH LIST
OS - Slowly crept up to our put write strike price .
This movement has caused us to place OS on our WATCH LIST as well.
We will be monitoring OS, HSGI and CYBP carefully
WATCHING MOST CAREFULLY
CYBP - looking for CYBP to build base around 5.50 to 6.00
If CYBP breaks to the down side @4.75 or closes for
the day less then $5.00. we will looking to be STOPPED OUT
around $2.75 for the option price, if inter-day CYBP trades less then $4.75
or end of day close of less then $5. We will be monitoring
this position closely along with HGSI and OS