Terrible News

WTI crude is down 20.57% There goes my royalty checks. :(
The market is realizing it overreacted in dropping the price. Even if everything goes as planned, the disruption will take years to settle. And there is a lot of reason to think everything is not going to go as planned.

I bought call option on the Brent ETF dated 100 days from now. If everything goes as planned, I will probably only break even, but if not I will make a great return.
 
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