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.
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.