Kingly, at some point oil will be back over 100 that is no doubt, just not anytime soon. It is simply too valuable of a commodity. With that said you need to trade it for what the market sees it in the current environment which is bearish. Short term OTM puts are on fire right now. You can still accumulate and trade it at the same time.
Nobody is talking about the recent granting of stock options to numerous employees to purchase stock in the high teens share price. Granting your employees the right to purchase common stock in the teens and then your stock price getting crushed is the equivalent of slapping your employees in the face. The bear raid is very bullish as well. Shorts last stand to cover and shake out the sheep. Hold on tight we should see approval post market!!!!!