Last week's Bank Nifty Calendar did not go well because of the extreme turbulence in the market. I made aggressive adjustments when the market plunged. These backfired badly when the market surged. If I would have just left it alone, I would have made a packet.
Anyway, I salvaged the long positions and sold the 38000CE of the week ended 13th January.
This is paying off well. The position is currently in hefty profits of Rs. 5.15 Lakh.
(https://zerodha.trade/zerodha-uploads/Calendar-130121.png)
A surge of 400 points in the Bank Nifty coupled with a surge in the Vix led my Calendar to sparkle. I booked out of the position for a profit of Rs. 8 Lakh.
(https://zerodha.trade/zerodha-uploads/bank_nfty_calendar_100121.png)
Yesterday, at about 1400 hours, I set up a Calendar in the Nifty with 72 lots (3600 units). Also, today morning, at about 1000 hours, I set up a Calendar in the Bank Nifty with 20 lots (500 units).
While the Nifty Calendar yielded a gain of Rs. 1.42 Lakh, the Bank Nifty Calendar yielded a gain of Rs. 55000.
(https://zerodha.trade/zerodha-uploads/nifty_calendar-130122.PNG)
(https://zerodha.trade/zerodha-uploads/Bank_Nifty_Calendar_130122.PNG)