Week ended 18th November: Calendar in the Bank Nifty

[Michael Gonsalves]

This is my opening position. I will add more as the market moves.

[Michael Gonsalves]

As of today, 16th November, the Calendar stands as follows:

[Michael Gonsalves]

I made rampant adjustments to save the Calendar as the Bank Nifty plunged and the ViX also plunged. Ultimately, I got spooked that there may be a gap down opening tomorrow and so I closed the Calendar. Fortunately, the effort was worth it as I could pocket a gain of Rs. 2 Lakh.