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EC SD | You can buy puts to hedge them, but I wouldn't do that to avoid taxes...
Capital gains has a zero percent bracket: "For 2023, you may qualify for the 0% long-term capital gains rate with taxable income of $44,625 or less for single filers and $89,250 or less for married couples filing jointly." Add your deductions (std or otherwise) to that number, and you can have gross income well above $100,000 (if married) and still pay the zero rate. If you miss this cut-off by one dollar, you will jump to the 15% cap gain tax rate though. This is where tax planning is important and maybe you can use tax loss harvesting if you have some underwater positions...
I also went whole hog on the oils a few years ago and with the big gains, they are now a huge percent of my account balance. I have been slowly scaling out as the prices are rallying upward. I did buy a couple of refiners this week though. It is a really "high quality" problem...
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Crude and Diesel are trending upward
