Yesterday, I decided it was time to get serious about re-entering shorts in a sector that has been a favorite of mine this year, which is energy. Overnight, crude oil seems to have given back some of its “the Saudi Arabi trip was pointless” gains.
To be clear, I’m not short oil, nor have I bothered doing so at any point this year. I’m focused on energy companies. Thus, I am long puts the following equities:
