My first book PROFIT FROM NIFTY OPTIONS — ART OF DOING NOTHING was published in June 2021.

The theme was that one could make profit by simply buying deep ITM NIFTY Call option month after month and be profitable and the returns would have been better than the NIFTY ETF returns.

Link to the book is here:

Next book in the series does the similar exercise with At The Money Call options.

The time period considered was June 2001 to May 2021 — 20 years.

In all that time, CALL option buying results were better than NIFTY ETF quite consistently.

Something simple worked beautifully over 20 years and we traders ignore that and keep looking for fancy convoluted strategies.

Link to the second book:

Updating of the numbers for the year 2021 and 2022:

Year 2021:

SeriesNIFTY OpenNIFTY CloseATM CallBuy PriceSell PriceProfit PointsProfit Rupees
Jan1398113817140003090(309) 
Feb1381715097138003871297910 
Mar1509714324151003900(390) 
Apr143241489414300466595129 
May14894153371490037544065 
Jun153371579015300338490152 
Jul1579015778158002920(292) 
Aug157781663615800211857646 
Sep1663617618166002481019771 
Oct176181785717600335257(78) 
Nov1785717536179003360(336) 
Dec1753617203175003460(346) 
        
Total     92246100

Year 2022:

SeriesNIFTY OpenNIFTY CloseATM CallBuy PriceSell PriceProfit PointsProfit Rupees
Jan1720317110172003360(336) 
Feb1711016247171004350(435) 
Mar1624717464162005701269699 
Apr1746417245175004030(403) 
May1724516170172002300(230) 
Jun1617015780162004050(405) 
Jul1578016929158003311130799 
Aug169291752216900325622297 
Sep1752216818175004030(403) 
Oct1681817736168004030(403) 
Nov       
Dec       
        
Total10 Months    18900

We see that NIFTY has not done much since October 2021.

In fact the close in October 2022 is lower than the closing number of 2021. For this reason, 2022 has not been a good year for ATM Call buying.

We may see some profit in the remaining two months or this year may end up with a loss.

Overall results since 2001 look like this:

Summary since June 2001:

YearNIFTY at OpenNifty at CloseGain %ATM Call Buy ProfitCum NIFTY Gain %Cumulative ATM CALL Buy GainCum ATM CALL Profit % Base — 300
200111271020(9.5)44(9.5)4414.6
2002102010947.201(2.9)4515.0
20031094180865.256760.4612204
20041808205913.815283.1764254.6
20052059282137.0619150.31383461
20062821397040.7596252.21979659.6
20073970608153.11081439.530601020
200860812916(48.2)(1812)158.71248416
20092916520178.3770362.72018672.6
20105201610117.3189441.32207735.6
201161014646(31.3)(526)312.21681560.3
20124646587026.3398420.82079693
2013587062786.92874572366788.6
20146278817430.2745624.531111037
201581747946(2.8)(1027)6052084694.6
2016794681031.9(99)6201985661.6
201781031047728.91079829.630641021.3
201810477107792.9847856.439111303
2019107791212612.5(393)975.935181172.6
2020121261398115.328111143.863292109.6
202113981172039.79221426.472512417
202217203177363.1181473.7        72692423

   Year 2001 – 7 Months – June to December 2001

   Year 2022 – 10 Months – January to October 2022

NIFTY index gain since June 2001 — 1473.7%

ATM Call buying gain since June 2001 — 2423%.

Still people love to say — Option buying does not make money.

Numbers do not lie.

Book will be updated on Amazon site in a day or two with an additional chapter. Readers can synchronize their Kindle readers to update the book in their account.

Enjoy the Sunday holiday.