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Futures & Options Trading => Our Current Trades => Topic started by: Michael Gonsalves on Jan 13, 2022, 05:31 PM

Title: Week ended 20th January 2022: Calendar in the Nifty
Post by: Michael Gonsalves on Jan 13, 2022, 05:31 PM
As my Calendar of 13th January was sinking, I had sold the 18300CE and 18500CE of 20th January to salvage the situation. However, as the Nifty recovered, I converted the extra sold positions into a Calendar by buying the 18300CE of 27th January.

(https://zerodha.trade/zerodha-uploads/nifty_calendar-200122.PNG)
Title: Re: Week ended 20th January 2022: Calendar in the Nifty
Post by: Michael Gonsalves on Jan 15, 2022, 10:22 PM
The slight plunge in the Nifty helped to recover most of the losses in the Calendar. If the Nifty and the ViX stay stable, there will be a chance to make some money.

(https://zerodha.trade/zerodha-uploads/Bank_Nifty_Calendar_140122.PNG)
Title: Re: Week ended 20th January 2022: Calendar in the Nifty
Post by: Michael Gonsalves on Jan 18, 2022, 07:55 PM
The extreme volatility today, where the Indices went from one extreme to the other spooked me. I decided to close the Calendar for a minor profit of Rs. 5000 and to open a new one.

(https://zerodha.trade/zerodha-uploads/Nifty_Calendar_180122.png)
Title: Re: Week ended 20th January 2022: Calendar in the Nifty
Post by: Michael Gonsalves on Jan 18, 2022, 07:59 PM
I opened a Call Calendar at 38700CE. However, the Bank Nifty immediately plunged and breached my BEP of 38300. This forced me to open a Put Calendar at 38000PE. The Calendar is bleeding and I have already lost 2.48% MTM. However, if the Bank Nifty expires within the range and the ViX does not plunge much, I can take home a tidy profit.

(https://zerodha.trade/zerodha-uploads/bank_nfty_calendar_180121.png)