About
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 at multinational companies, solving technical problems and managing complex 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 research focuses on:
- Open Interest shifts
- Implied Volatility structure
- Volatility surface behavior
- Dealer positioning and gamma flows
Over time, this evolved into a structured framework:
MMR Terminal
I built the MMR Terminal as an extension of this research.
Its purpose is simple: to quantify Market Maker Risk (MMR) through the volatility implied by option prices.
Rather than treating implied volatility as just another market statistic, the framework interprets it as a measure of the risk market makers must assume when quoting and hedging options. This provides a market-maker-centric view of expected volatility, risk perception, and option pricing distortions.
The terminal is intended for advanced option traders, quantitative researchers, and derivatives professionals. To make practical use of its outputs, users should have a sound understanding of:
- Black-Scholes option pricing
- Implied volatility
- Put-call parity
- Option Greeks
- Option market structure
For traders who wish to understand the underlying mathematical framework and its practical application, I also conduct a structured training program covering the theory, quantitative concepts, and real-market implementation behind the model.
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.
Contact
Anupam Dutta
📧 dutta.anupam.02@gmail.com ☎️ +91-8240775462