I entered short today @ 50.55 and got stopped out @ 50.85
Todays reasoning was that the overnight price fell below 50.61, a level which had been broken in several months so i expected the price to continue downward. The overall trend over the past 2 weeks has been bearish.
I opened my position just before before the 9 am pit open (i think the pits are defunct now) which might not be a wise thing to do as the price moves are erratic during the first 20 minutes.