Week ending 7th Oct: Calendar in the Nifty

[Michael Gonsalves]

After i implemented the calendar, there was a steep drop of 6% in the ViX which resulted in a MTM loss. This happened though the Index was stagnant.

I am wondering how to safely counter the drop in the ViX. One way is sell additional units in the weekly. Luckily, i have the capital for that.