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Futures & Options Trading => Our Current Trades => Topic started by: Michael Gonsalves on Dec 03, 2021, 04:21 PM

Title: Week ended 9th December: Calendar in the Nifty
Post by: Michael Gonsalves on Dec 03, 2021, 04:21 PM
In the past, I made several mistakes while setting up and managing the Calendars which led to my gains being squandered away. I saw how a profitable position turned into a loss making one owing to the adjustments. I have learnt from these mistakes.

(https://zerodha.trade/zerodha-uploads/Nifty-Calendar-091221.png)
Title: Re: Week ended 9th December: Calendar in the Nifty
Post by: Michael Gonsalves on Dec 07, 2021, 01:02 PM
The Calendar position was looking extremely unwieldy with a large number of assorted Calls and Puts. So, I did the sensible thing of squaring off all positions with the intention of having a fresh positions.

(https://zerodha.trade/zerodha-uploads/Nifty_Calendar_071221.png)
Title: Re: Week ended 9th December: Calendar in the Nifty
Post by: Michael Gonsalves on Dec 07, 2021, 04:01 PM
The new Calendar is as follows. Hopefully, the Nifty will stay range-bound and enable me to make some money :)

(https://zerodha.trade/zerodha-uploads/Nifty_Calendar-2_071221.png)
Title: Re: Week ended 9th December: Calendar in the Nifty
Post by: Michael Gonsalves on Dec 09, 2021, 07:00 PM
I committed some blunders while making adjustments which crunched my profit. If I would not have made any adjustments, I would have had a profit of Rs. 1.35 lakh +. My take-home is now about Rs. 79000.

(https://zerodha.trade/zerodha-uploads/Nifty-Calendar-091221-2.png)
Title: Re: Week ended 9th December: Calendar in the Nifty
Post by: Michael Gonsalves on Dec 09, 2021, 07:20 PM
I also had a Calendar in the Bank Nifty which was grossly mismanaged. If I had let the Calendar alone, it would have yielded a hefty gain of Rs. 2.35 lakh. However, due to my adjustments, the gains were reduced to a paltry Rs. 22000.

(https://zerodha.trade/zerodha-uploads/Bank_Nifty_Calendar_091221.PNG)