I am Anupam Dutta. This is not a blog. This is a Quant Research Lab.

Trading is not just what I do. It is how I think.

I didn’t start in the markets.
For over a decade, I worked as a Mechanical Engineer in multinational companies, solving technical problems and managing systems. But I wanted something different, the ability to make decisions and live with their outcomes.

In April 2019, I committed fully to the Indian equity index options market, with Nifty50 as my primary arena.

What I built

My work focuses on:

  • Open Interest shifts
  • Implied Volatility structure
  • Volatility surface behavior
  • Dealer positioning and gamma flows

Over time, this evolved into structured frameworks like:

NCP40 → GammaGrid Option Engine

These were not built in theory.
They came from screen time, mistakes, and pressure-tested learning.

MMR Terminal

I built the MMR Terminal as an extension of this research.

It is a risk-adjusted option pricing tool (European style) that internally estimates implied volatility to reflect real market conditions.

Unlike standard models, it focuses on structural consistency, volatility alignment, and pricing distortions.

Explore MMR Terminal →


Philosophy

I don’t believe in prediction.

I believe in:

  • Understanding what is priced in
  • Identifying where pressure builds
  • Acting only when asymmetry is visible

Markets cannot be mastered.
But a process can be built.

Work