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Futures & Options Trading => Our Current Trades => Topic started by: Michael Gonsalves on Sep 30, 2022, 04:47 PM

Title: Week ended 6th October: Call Calendar in the Bank Nifty
Post by: Michael Gonsalves on Sep 30, 2022, 04:47 PM
My original thinking was that I would do a Call Calendar in the Bank Nifty and a naked trade in the Nifty. However, the trade in the Nifty went wrong and I was forced to buy a Call Calendar to salvage it.

I also bought a Call Calendar in the Bank Nifty at 38500 when the Index was at 38300. However, immediately thereafter the Bank Nifty surged all the way to 38800. Thankfully, it cooled down a little bit and closed at 38600.

(https://zerodha.trade/zerodha-uploads/BankNifty_Call_Calendar_300922.png)
Title: Re: Week ended 6th October: Call Calendar in the Bank Nifty
Post by: Michael Gonsalves on Oct 03, 2022, 11:22 AM
The Bank Nifty plunged to 38200. However, my position is in a profit of about Rs 80000. I would like to exit and re-enter.

(https://zerodha.trade/zerodha-uploads/Bank_Nifty_Calendar_031022.png)
Title: Re: Week ended 6th October: Call Calendar in the Bank Nifty
Post by: Michael Gonsalves on Oct 03, 2022, 04:48 PM
I don't want to square off the 38500 CE because it still has premium worth Rs 183 in it. So, I added a Put Calendar at 38000PE in case the Bank Nifty continues to plunge.  I will shift the 38500CE to 38300 or even 38200 if the softness continues.

(https://zerodha.trade/zerodha-uploads/Bank_Nifty_Calendar_031022-2.png)
Title: Re: Week ended 6th October: Call Calendar in the Bank Nifty
Post by: Michael Gonsalves on Oct 04, 2022, 10:17 AM
The unexpected surge of 1000+ points on the Bank Nifty put my position in a loss. I aggressively sold some puts. There was a bit of panic (because I unnecessarily had several other positions as well). I lost about Rs 1 Lakh. If I would have held on a little longer, the position would have shown a little profit.

Anyway, I squared off and created a new Call Calendar at 38000CE Oct and 38200CE 6th October.