Bought a boatload of CRC LEAPS today. Painful to do but hopefully with a good return like last year. Basically crashed yesterday (and lost 10% days before) following a bill in California to restrict drilling, news that was already known on Tuesday. Purely sentimental selling if you ask me. Bill unlikely to go through. But even if it did, it would hardly be the end of CRC. Given that CRC is an option on brent prices already, you might as well leverage that leverage with options. Binary outcome most likely (either they survive and are a multibagger or they become a zero at some point) so much preferable about regular stock.