RE:OverdoneGood move my friend!!
The banking stuff won't have an impact in the short term for oil demand. An overreaction for sure.
As I mentioned before, while I did do leveraged investments many years ago, options are not for me now at my age and financial situation...have better things to do with my time...lol..
Bought a very small position in oils today as I agree the reaction is overdone.
That said, I will take the first opportunity to sell out as I don't view oil as a long term positive play but more as a short term play.