After an initial gapup, I sold some call calendars which I covered at minor profit.
Finally, when market failed to move down, I sold some put calendars (19 lots) which is currently in profit. I also executed 3 lots in naked put sell, currently in profit. Here is my overall position.
I am planning to hold it. At the right time, I may convert my positions to bull put spread for intraday.
Future OI saw long buildup on both Nifty and Bank Nifty.
PCR and pain moved up for both the indices.
Put writing was visible on both Nifty and Bank Nifty.
Overall trend is bullish now.