Good question. What we know is: Yesterday's vols were massive...

Good question.
What we know is:
Yesterday's vols were massive exceeding 4m.
SP rose 5%
Oil was strong Monday but closed flat overnight after a very wild ride.... down, up then down again.
OPEC meet next Wed.
2 contracts in fy17.

I remain bearish re WOR and didn't expect SP to reclaim the $9 mark let alone touch 9.30 yesterday. Over past few months i must have posted 40x why i'm bearish and how CAPEX will stay low if oil remains below $65 and esp if it stays in 40-50 range.

But Mr Mkt is very confident earnings can resurge and SP is triple that of 10 months ago. I'm transferring money across accounts and will increase my short position if WOR stays above $9.

Part of yesterday's leap could have been shorters closing out. Afterall WOR 2nd most shorted stk on ASX200. But suspect new shorts were opened during last 30 mins of trade yesterday. Key as always: how many contracts does WOR win going fwd?