Calendar Options strategy in the Nifty for the week ended 9th Sept

[Michael Gonsalves]

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.

[Michael Gonsalves]

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.

[Michael Gonsalves]

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.

[Michael Gonsalves]

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.