Took profits of the March-16-Expiry Oil positions on hand.
This is the 2nd last batch of oil shorts I have on hand and I am taking lucrative profits of this 2nd batch after the 2nd further crash in oil today, something I had been expecting.
I would judge oil bottoming out not far from here soon.
Below are the profits converted into (SD) Singapore Dollar (SGD).
S$ 87,473 + S$ 56,220
= + S$ 143,693 SGD