Hello Friends. My name is Michael Gonsalves. I have enjoyed reasonable success with Options strategies. I made Rs. 2.5 Cr in FY 2019-20 and Rs. 1.65 Cr till date in FY 2020-21 (see proof). I am eager to learn more and also to impart my learnings to others. If you have any queries, please ask. I will answer soon.

Week ended 9th December: Calendar in the Nifty

Started by Michael Gonsalves, Dec 03, 2021, 09:51 PM

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Michael Gonsalves

In the past, I made several mistakes while setting up and managing the Calendars which led to my gains being squandered away. I saw how a profitable position turned into a loss making one owing to the adjustments. I have learnt from these mistakes.


Michael Gonsalves

The Calendar position was looking extremely unwieldy with a large number of assorted Calls and Puts. So, I did the sensible thing of squaring off all positions with the intention of having a fresh positions.


Michael Gonsalves

The new Calendar is as follows. Hopefully, the Nifty will stay range-bound and enable me to make some money :)


Michael Gonsalves

I committed some blunders while making adjustments which crunched my profit. If I would not have made any adjustments, I would have had a profit of Rs. 1.35 lakh +. My take-home is now about Rs. 79000.


Michael Gonsalves

I also had a Calendar in the Bank Nifty which was grossly mismanaged. If I had let the Calendar alone, it would have yielded a hefty gain of Rs. 2.35 lakh. However, due to my adjustments, the gains were reduced to a paltry Rs. 22000.