Masterclass. Kundan Kishore
Live Masterclass

Options
Trading
Masterclass

Kundan Kishore ROYAL BANK OF SCOTLAND
Morgan Stanley · Barclays
Three hours, three building blocks
iCall & Put OptionsHour One
iiThe Greeks: Delta & ThetaHour Two
iiiBuilding strategy with DeltaHour Three
Seat at ₹99
The promise

Three hours from now, you will not be the same trader.

What you walk away with
i
Stop gambling, start trading.
No more buying on hope and tips. You place positions with a defined edge and defined risk.
ii
Read why every option moves.
When a price ticks on the chain, you see the cause. You grasp how Delta and Theta drive value at each strike.
iii
Leave on the right track.
You know exactly what to practise next, and how to grow from a single option to a real strategy.
Before options, one question about priorities
₹53.5 lakh croreIndia's total Union Budget, 2026-27

Of all of it, how much goes to educating the entire nation?

₹0 crore
India's entire education budget for the year. Just 2.6 percent of the budget, the lowest share in years.
Source. Union Budget 2026-27, Ministry of Education allocation ₹1,39,289 crore.
Now, the other side of money

What percentage of options traders in India lose money?

₹0 crore
Gone in a single year. That is the number that matters.
Traders who lose
91%
That is roughly
0
people, in
FY25
Source. SEBI study, July 2025. 91 percent of individual F&O traders lost money in FY25, net loss ₹1,05,603 crore across about 96 lakh traders.
Two bars. Same money. Opposite destiny.

The same money can build a nation or burn it.

₹0lakh crore
Build the nation
India's education budget
₹0lakh crore
Burn the nation
Lost by traders in a year

We spend a lifetime to build it, and burn nearly as much in twelve months of guessing.

Education ₹1.39 lakh crore (Budget 2026-27) · F&O losses ₹1.05 lakh crore (SEBI, FY25)
Reply in our live Zoom chat
1Have you ever traded options?type yes or no
2When would you buy a Put Option? Give me one real reason.

Type your answers now. I will read a few out, and then we will see together whether what you were taught was actually right.

One company. One example.

Watch what a single foreign firm quietly took out of India.

₹0 crore

Jane Street, a US trading firm, pocketed this from Indian markets in roughly two years.

IndiaAbroad →
From index options alone
₹43,289 cr
SEBI clawback, the largest ever
₹4,843 cr

And this is just one firm, on the few days SEBI happened to look.

Source. SEBI interim order on Jane Street, July 2025.
The real cost is not only money

The people losing are the people building India.

9 in 10 of them lose. These are not casino gamblers.
0%
are under 30 years old
0%
come from smaller towns
0%
earn under ₹5 lakh a year
i
Their capital. The savings of young, modest earners, drained on a screen.
ii
Their time. The one thing they can never earn back, spent guessing the next tick instead of building a career, a business, a life.
Why I am doing this

I did not build this class to add one more name to that statistic. I built it to take people out of it.

I would rather you learn the truth in three hours than pay two lakh to learn it the hard way. Teach enough people to stop guessing and start thinking, and the money stops leaving. It starts building something here.

This is my small contribution. Help me carry it. Learn it properly, or walk away with clarity, and bring one friend who burns their salary every Thursday.

Kundan Kishore
After tonight, there are only two honest choices

Master it, or leave it. There is no third path.

Path A
Become a professional
Learn the craft properly. Trade the world's markets with a real edge and real risk control, the way the winning side does.
← and bring the money back home
Path B
Walk away with clarity
Put your time and capital into what you already do well. No shame in it. An honest, honourable choice that protects your savings.

Gambling your salary every week is not a strategy. Tonight, you pick a side.

First, the most basic question

Are you investing, or trading?

INVESTING the backseat TRADING the wheel
Sit back
Investing is the backseat
You let the market drive. Time and patience do the work. The easier road, and where everyone should begin.
Take the wheel
Trading is driving
You are in control, and that is powerful. But you must learn the controls and practise before you touch the highway.
To drive:Learn the controls→Practise safely→Quiet streets→Highway

If you jumped into trading while still confused, you grabbed the wheel before you could drive. Become an investor first, it is the easier road. And if you truly want to drive, learn the craft, practise it, then take it out on the street.

A lesson from any market, anywhere

Every great trader begins the same way. He knows his product.

Picture the sharpest fruit trader in your local mandi. With one touch he knows which mango is perfect and which will spoil by morning. He knows the variety, the orchard, how long each crate will last. He understands his product completely.

VarietyRipenessShelf lifeSourceQuality

Before profit, before any clever move, comes this. Nobody wins trading a product they do not truly understand.

The same trader, his second skill

And he knows exactly what makes the price rise, or fall.

▲Price▼
i
Supply
A bumper crop floods the mandi.
price falls
ii
Demand
A festival, a heatwave, everyone wants it.
price rises
iii
Uncertainty
An unseasonal storm hits the crop.
price swings wildly
iv
Time
The fruit will not keep. By evening it must go.
price softens

He does not pray for a good price. He reads these forces and usually knows where it is heading. Learn the forces, and price stops being a mystery.

Hour One Now, you become that trader

Master one underlying. Understand what options are truly built for.

One underlying, deeply
We will not chase fifty stocks. We learn how a single underlying breathes, trends and reacts. Depth beats noise.
What options are for
Not lottery tickets. Tools to protect, position, and earn from time and volatility. You will finally know the why.

Exactly like the trader and his fruit. Know your product first. Everything else builds on it.

Hour Two The same forces, now measured

A formula already prices every option. Meet BSM and the Greeks.

The factors go in
SpotStrikeTimeVolatilityRate
→
B S MBlack-Scholes-Merton
a Nobel-winning formula
→
Out comes a fair price, and the Greeks
Δ DeltaΘ ThetaVegaGammaRho

You do not need the maths. You need its outputs. Tonight we focus on the two that matter most, Delta and Theta.

Hour Three And then, the payoff

Turn those factors into a strategy you can build.

By 10 PM, you should be able to:
✓Read any option's price, and know its Delta and Theta
✓See why it moves, before it moves you
✓Build a simple, structured strategy with defined risk

That is the promise of tonight. Not tips. The ability to do this yourself.

One last thing, and it is your call

So, what should I actually teach you?

Respectable. A little serious, but respectable.We will still have a very good evening together.
Now we are talking.Yes, this whole page was built with AI. Tonight I will show you the how.

Trust me, the second one is a lot more fun

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