Sold to Open WFR Oct 17.50 Puts
September 16th, 2009
I sold to open WFR October 17.50 puts. The 50 day SMA has flattened out and started to rise. A breakout this morning on higher volume prompted the trade. $17.50 is a good support level too. Plenty of room on the daily chart with $20.75 being the next major resistance.
WFR-Hourly