I don't have a position in WHR now, though I bought and closed out puts successfully recently. If you shorted with stock or with a put that doesn't expire too soon, you are in a better position than if you have a put that expires soon. However, this market could follow today's hefty move up with moves down next week. Even today's rally could become less of a rally within a few hours.
Even a May 16 put gives you some time. With all the euphoria about 15000 on the DJIA, the market prices, including WHR could reverse soon.
It never did test the low of April 24th, 112.56. It hit 112.58. So I don't think it'll go back up to the top of the range. Should consolidate at these lows to build cause to break the low of April 24th. April 24th was a bearish candle. Intraday on the 24th it came down hard with volume and then drifted higher on low volume.....it is under distribution by the big hands.
So yesterday the low was 2 cents off the April 24th low and this is why you think it would be a good time to short. Please short at will, the squeeze will just move this stock up even faster so i can take more money from amateur shorties. It doesn't matter what the chart says, its up to the wall street traders and you will get caught in a bear trap. How is your short at $115.30 going, considering the stock closed at $116. If the overall market goes down tomorrow, this stock may go down too, but don't fool yourself in to thinking you were right as most of the time its nothing but luck and timing.