Week ended 13th January 2022: Calendar in the Bank Nifty

[Michael Gonsalves]

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.

[Michael Gonsalves]

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.

[Michael Gonsalves]

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.