For the week ended 11th November, I have again decided to opt for the Calendar strategy. I did this because yesterday the ViX plunged a massive 6.5%. If the ViX now rises, the strategy will gain.
(https://zerodha.trade/zerodha-uploads/BankNifty-Calendar-041121.png)
In order to cope with the steep plunged in the Bank Nifty (The Calendar was opened at 39500 while the Bank Nifty closed today at 38560), I had to roll down the short strikes and also put a stop loss on the long strikes. The effort led to a gain of Rs. 2.9 Lakh.
(https://zerodha.trade/zerodha-uploads/Bank_Nifty_Calendar_111121.png)