We can see below that at the moment of purchase, the EV pattern of SCO did not look very bearish.
Oil itself has pulled back to where it was before the plane crash.
Trade ideas are shown below. There are no viable shorts, because on a 5D time frame, everything is too extended to the short side.
If I enter trades today, that would be a long TBT and/or long IWM or long one of these ideas.