Week ended 23rd December: Calendar in the Bank Nifty

[Michael Gonsalves]

This week I had tried the ATM Straddle Calendar. I realized that it requires more adjustment and so decided to implement the ATM Call Calendar for the coming week.

[Michael Gonsalves]

I made multiple adjustments to salvage the Bank Nifty Calendar. However, the savage nature of the fall made it difficult, if not impossible, to manage. I also ran out of money because I had to salvage some other positions as well. Ultimately, I threw the towel and booked a big loss of nearly Rs. 2 Lakh.