The Calendar Options strategy is also a relatively easy strategy to manage if the markets are not very turbulent.
I created a spread in the Nifty at 17250 and added another at 17300.
At the EOD, the strategy has yielded a gain of 1.69%.
The gains are quite hefty if the Nifty settles between 17099 to 17487. The ViX should either remain stable or rise but no fall dramatically.
(https://i.ibb.co/pyLLgc4/Nifty-Calendar-Options-Strategy.png)
The Nifty Calendar Options strategy is presently at a profit of Rs. 78000 which is nearly 4% of the capital. It is time to book profits and shift the entire calendar to next week & month.
(https://i.ibb.co/n7r39D1/Nifty-Options-Trade-Calendar-Options-Strategy-2.png)
After yesterday's expiry (9th September), the profits stand at Rs. 1.23 lakh. I have rolled over the short options to 17400 and 17450 of next week's (16th September) expiry.
(https://i.ibb.co/Jd1Q7XW/Nifty-Calendar-Spreads.png)
I closed the position today for a profit of 1,18,000. I did this because there were too many strikes and I was losing track of what was going on. I will enter new positions with the freed capital.
(https://i.ibb.co/LSb1KC8/Nifty-Calendar-Options-Trade-Options-Strategy.png)