@nithin SEBI is bringing daily one rules an another - its really confusing to trade
NSE AN BSE are gambling on expiray days -
SEBI each and every day think only by Option trader - whats wrong with SEBI - loss is every where
Lot of stock went bankrupt like YESBANK , RVNL , DHFL etc . But SEBi aloowing New IPO in diffrent company name- what is this
Time to focus on what has worked well for you?
…and maybe extend further into similar schemes/strategies that are less dependent on the frequently changing factors, especially factors that are not in one’s control?
Alternately, do you see any approaches to profit from the volatility being introduced (also is it though?) by these frequent changes around trading options? 
@cvs i made good money in option trading only in monthly option - through those profit i invest in mutual fund , i buy one land , i buy Gold on daily basic in ETF ,smoothly going in monthly option - i am happy on that -
every day wake up SEBI is thinking option trader , its irritating for us , how i can hedge my portfolio then - even now a days GSEC are more volitaile , i am holding 40L + in GSEC , its volatile like sea waves in recent days - through these erosion in investment , i need to hedge through option only
Do you intend to sell GSECs on the secondary market?
Pledged them, so affects margin available?
If not, then their changing values are notional.
(in fact an opportunity to buy at them at a discount to obtain 10-12% annual returns with sovereign guarantee for the next several years.)
Trying to think as a risk-loving trader (not that i am one),
once all this dust settles in the near future,
imagine sitting on a pile of GSECs
Why not consolidate into GSECs (and even SDLs and T-Bills right now) while everyone is panicking around and wasting their time cursing factors not in their control…
Also, what are you looking for? high liquidity and high returns?
Good point.
Can you elaborate a bit more on
how do you see yourself being able to hedge your portfolio
with the help of options?
(NOTE: Not challenging, genuinely curious to understand this aspect in more detail.)
Through only monthly calender spread
They are in to 'Musical chair" 
BSE and NSE fighting for choosing expiray - SEBI is trying to remove Option expiray - Govt to try to incresase STT , as retail trader simply watching this fight
Musical chair between SEBI ,NSE ,BSE , Broker,Finally everybody will be loose
Retail Trader simply watch this fight
Hmmm… not sure i fully understand yet.
What exactly is this “monthly calendar spread” hedging against?
Is it a hedge against a moderate short-term market downturn?
(one that you deploy for each month?)
i.e. to cover for (and provide some liquidity/income in) a month when the equity holdings go down in value?
How many percentage-points of your portfolio’s annual-returns is this hedge eating into?
(for example, 1 percentage-point, if a portfolio returning 12%, ends-up effectively returning 11%, if accounting for the cost of such a hedge)
Could an alternate approach to avoid the need for such a short-term “monthly calendar spread” hedge using options be instead to invest a small part of one’s portfolio in uncorrelated assets with a lower rate of return, but is liquid / provides a regular income? Thus, avoiding the need to hedge each month using “a monthly calendar spread” and still enabling one to secure a steady stream of income each month, enabling one to hold on to equity when it is down in the short-term, and not have to sell it at a significant loss / reduced profit.
Few follow-up thoughts…
invest a small part of one’s portfolio in uncorrelated assets with a lower rate of return,
but is liquid / provides a regular income?
Q1. For the specific portfolio in question,
what are such potential assets that can be used in the above alternate approach?
Q2. How much worse do index options need to get (what price-point?) before this alternate approach is a cheaper hedge? (@TradeB2B in your experience, are we there already?)
Q3. @TradeB2B Anything else this “monthly calendar spread” was being used to hedge against?
Right now, SEBI keeps coming up with new rules, which makes things confusing for traders. Trading on NSE and BSE on special days is really tough—it feels designed for the market itself, not for regular people. It’s strange that some companies go bankrupt and then reappear on the exchange under a new name. Regular people just don’t get it.
