View: Time ke khilaaf time. Poora teaching Lesson 25, Calendars, diagonals & the advanced shelf mein hai. Yeh page reference card hai.
Illustration, not a recommendation. The strikes and premiums on this page are fixed teaching figures, not live quotes, and no strategy suits every account or every market. Read the full disclaimer.
NIFTY strike ke paas tehalta rahe jabki saamne wale hafte ka kiraya peeche wale mahine se tez pighle. Aur aap jaan bujh kar volatility ke long bhi ho: chadhta IV fayda deta hai, girta IV chot.
Position kaise banti hai
Weekly 25,000 CE ₹120 par becho, monthly 25,000 CE ₹248 par kharido. Net debit ₹128 per unit: ₹8,320 per lot, aur theory mein yahi sabse bura case hai.
weekly 25,000 CE (sold)monthly 25,000 CE (owned)
The calendar's engine. Over the same seven days the sold weekly melts from ₹120 to zero on the steep end of the rent curve while the owned monthly eases from ₹248 to about ₹217. The widening gap, about ₹89 per unit, is the whole income, and it survives only while NIFTY stays near the strike.
Entry se pehle ke numbers
Max nuksan: lagbhag ₹8,320 ka debit, kisi bhi taraf bade move par
Sabse achha hafta: NIFTY strike par khada rahe to lagbhag +₹5,785 (weekly mar jaata hai, monthly sirf ₹31 gawata hai)
Net vega: lagbhag +₹11 per IV point (monthly ₹21 minus weekly ₹10)
Margin: becha hua weekly monthly se covered hai; brokers thoda sa spread margin lete hain
Greeks ka profile
Strike par delta-neutral, saamne wale hafte ka short gamma, spot theek chale to net long theta, aur long vega. Yeh ek matra aam dhaancha hai jo kiraya bhi leta hai aur volatility bhi rakhta hai.
Sach mein kya expect karein
Sabse achha case sach mein achha hai (ek hafte mein ₹8,320 par ₹5,785) aur uske liye market ka kahin na jaana zaroori hai. Bade move aur IV ki girawat, dono nuksan hain. Iske do swaad hain: shaant-pin calendar (boring hafta, kam IV) aur event calendar (scheduled event ke aar paar phula hua front bechna), aur inhe beech trade mein kabhi gadd madd nahi karna chahiye.
Position sambhalne ke rules
Strike us level par jahan market baar baar lautta hai: bhaari OI, baar baar jaancha hua
Spot strike se 150+ point khisak jaye to band karo ya reset karo
IV rank ulte sign ke saath check karo: yeh woh dhaancha hai jise sasta IV chahiye
Doosri strategies ke saath
Condor ka ulti-vega judwa: condors mote IV ko bhunate hain, calendars saste IV ko; milkar woh har us daur ko cover karte hain jo IV ka paimana (Lesson 19) padh sakta hai
Iron butterfly ke saamne yeh doosri pin bet hai: strike ka wahi tark, volatility ka ulta exposure; is hafte kaun sa pin auzaar banta hai, yeh IV rank tay karta hai
Short leg roll karte raho to yeh kiraye ki machine ban jaata hai: is hafte ki call marne ke baad agle hafte ki becho, baar baar, usi monthly ke against, yaani covered call cycle ka index wala bhai
Ek directional jhukav jod do to yeh diagonal ban jaata hai (agla card), aur deep ITM long tak kheench do to poor man's covered call
Aam galtiyan
Kisi event ke aar paar pakde rehna aur gap aur peeche wale mahine ke crush, dono se ek saath haar jaana
Vega ka sign nazarandaz karna: spot pin, P&L laal, aur rahasya IV ke chart mein hal ho jaata hai
Ise bahut jaldi khol dena, jab dono legs decay curve ke chapte hisse par baithe hote hain