DISCLAIMER

• This webinar/seminar is provided for educational purposes only

• The information presented is not intended as financial advice, and it does
not endorse or recommend any specific trading techniques, strategies, or
products
• Trading carries risks, and participants should consult with a qualified
financial advisor before making any investment decisions
• Attendees are solely responsible for their own trading actions and
outcomes. The session does not guarantee success or protect against
losses, and individuals should exercise their own judgment when applying
the information shared
 SmartLearn
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• SmartLearn is a platform where the courses of financial literacy are
provided both offline and online in the form of webinars, seminars,
recorded videos, workshops, materials for references and many more

• There are multiple trainers from across the industry who convey their
mastery to all the stock market enthusiasts through SmartLearn
 About the Trainer
• Adib Noorani is a certified trader in Futures & Options, Commodities and
Currency, holding the National Institute of Securities Markets (NISM) Certification
• He has also won Fyers challenge three times
• With over 9+ years of experience in the finance industry, his proficiency includes
Rule-Based Risk-Defined Options Selling Strategies, showcasing a Systematic
approach of managing risks in options trading
• Additionally, he excels in non directional & directional trading based on Technical
Analysis, demonstrating a deep understanding of market trends
• He has successfully trained more than 2500+ students so far
• A seasoned professional, Adib Noorani has showcased leadership skills by leading
a team at a proprietary trading desk as well, since 3 years
 Trading NIFTY Using

PASSIVE MONTHLY CALENDAR

Adib Noorani SmartLearn
MARKET WIZARD JAINAM BROKING LTD
 INTRODUCTION TO MONTHLY CALENDAR
• Here we have got few participants, who are new to options, but you don’t need to worry, I will
try to explain everything in simple terms, but yet it will be difficult to understand, so keep
patience and listen, finally you will take home at least some new concepts used in trading
• We at SmartLearn try to introduce new learning with all kinds of traders, so as to make them
able to trade on their own and not depend on tips or any other paid services
• Options Calendar Strategy is created by a combination of selling and buying options strikes of
different expiries
• When we sell and buy Options strikes of the same expiry, it is called Vertical Spread
• Where as when we sell and buy options strikes in different expiries it is call Horizontal Spread,
which is commonly known as Calendar Spread
• If the Sell & Buy strikes are same, but of different expiries, then it’s a Regular Calendar Spread
• Whereas, if the Sell and Buy strikes are different and of different expiries, then they are called
Diagonal Calendar Spread
• Let us understand different spreads with some examples
 FEW EXAMPLES TO UNDERSTAND SPREADS
• Following are the examples of Different Spreads on Nifty when it was around 19000
and the current monthly expiry was November 2023
• I have not explained the difference of Credit and Debit Spreads as it out of scope of
this topic
Instrument Option Type Expiry Sell Stike Expiry Buy Strike Technical Name Common Name

Nifty Call (CE) NA NA 30-Nov 19000 CE Naked CE Buy Long Call

Nifty Call (CE) 30-Nov 19000 CE NA NA Naked CE Sell Short Call

Nifty Call (CE) 30-Nov 18800 CE 30-Nov 19000 CE Vertical CE Spread Call Spread

Nifty Call (CE) 30-Nov 19000 CE 28-Dec 19000 CE Horizontal CE Spread CE Calendar Spread

Nifty Call (CE) 30-Nov 18800 CE 28-Dec 19000 CE Diagonal CE Spread Diagonal CE Calendar Spread
NIFTY MONTHLY CALENDAR - CALL SIDE
NIFTY MONTHLY CALENDAR - PUT SIDE
 RULES OF THE PASSIVE NIFTY CALENDAR STRATEGY
• Deploy on First Monday of the Monthly Expiry after 03.15 pm before market closes
• Deploy in Nifty as there isn’t sufficient liquidity in Bank Nifty in next month
• Only deploy in 100 strikes, as there is hardly any liquidity on 50 strikes in next month
• Sell Current Monthly Expiry ATM CE strike and Buy Next Monthly Expiry ATM CE strike
• Note down the risk free range of the strategy, from the pay off graph
• Keep price alerts 50 points before the Break Even Points
• As soon as you get alert, add adjustment legs
• If the upper breakeven is reached, create one more CE Calendar spread
• If lower breakeven is reached, create PE calendar spread
• Keep repeating the same process, till you reach 3 spreads in total
• Once you reach 3 spreads, and if still breakeven point breaches, close one of the 3 profit giving or minimum loss giving spread (both legs) and
create one more spread as per the direction of the market
• Exit when ever 2.50% of the deployed capital is reached
• Book loss if 4% of the deployed capital is reached (which usually doesn’t happen)
• If 2.50% profit target is reached in the 1st week of the deployed month, book the whole strategy and start with new again
• If 2.50% is reached after 1st week (2nd or any week after that), then book and wait for next month
 MATHEMATICS OF PASSIVE NIFTY CALENDAR STRATEGY
• Capital Required - Rs. 40000 /- per Calendar Spread at Maximum
• Total Capital Required for the Strategy with Adjustments - Rs. 120000 /-
• Profit Target - 2.00 % to 2.50 % per month (High Winning Probability)
• Max Loss - 4.00% - Rs. 4800 per month (Rarely hits)
• Winning Probability - 80% (10 out of 12 months per year)
• ROI can be much more improved if you are a full time trader, with extra adjustments
• But the standard method is enough to earn good profits as due to very less adjustments and screen time
ROI is reasonable enough
• This strategy can be deployed in all VIX environments, as it is a Vega Positive as well as Theta Positive
Strategy
 NIFTY CALENDAR DEPLOYMENT NOV / DEC 2023
DEPLOYED 19100 CALL CALENDAR ON MONDAY, 30TH OCTOBER 23 AT 15.20 AS PER RULES. BREAKEVEN RANGE - 700 POINTS
 NIFTY CALENDAR DEPLOYMENT NOV / DEC 2023
Upper Breakeven point just 50 points away on 09th Nov 23 at 12.12.59 timestamp, hence we will add adjustment
of ATM calendar spread on CE side of 19500 to extend the breakeven range as our profit target isn’t achieved
 NIFTY CALENDAR DEPLOYMENT NOV / DEC 2023
Added a Calendar Spread of 19500 as Nifty reached 50 points away to the Breakeven Point of 19502
 NIFTY CALENDAR DEPLOYMENT NOV / DEC 2023
Upper Breakeven point again nearly 50 points away on 16th Nov 23 at 10.11.59 timestamp, hence we will add another
adjustment of ATM calendar spread on CE side of 19700 to extend the breakeven range as our profit target isn’t achieved
 NIFTY CALENDAR DEPLOYMENT NOV / DEC 2023
Added a Calendar Spread of 19700 as Nifty reached nearly 50 points away to the Breakeven Point of 19772
 NIFTY CALENDAR DEPLOYMENT NOV / DEC 2023
Exited all legs at once as Profit Target of 2.50% is achieved on Wednesday, 22nd November 2023, 12.25.59 timestamp
BACKTEST RESULTS OF NIFTY MONTHLY CALENDAR
 LET’S DO SOME
LIVE SIMULATION
IMPORTANT WEBINAR LINKS
PRESENTATION PDF
https://drive.google.com/drive/folders/1KsS1dhm75NtN76AUfpB3W_2Kq_QxYfoI?usp=sharing

BACKTEST EXCEL SHEET

https://docs.google.com/spreadsheets/d/1ticSNkZKfdp8vZ0jHphwJ-xp8N_p9DfYXDrwW-
VtM0g/edit?usp=sharing
Q&A
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 THANK YOU!

17/09/2022