I been short wpl since break of 14.00 but closed half my puts this arvo after bounce off 13.36 support.
Enter 13.74 may calls but will only keep a few days as this bounce will probably be short.
Will close calls on a break of support 13.36 and will look to take profit around the 13.92 area if it keeps moving higher.
Why did i close only half the puts ? I think the US may be down again and oil broke $27.00 a barrel so wanted to protect the downside if WPL reverses tommorrow and breaks that 13.36 area.
WPL is definately in play for a trade either way.
cheers chooch...
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