Aditya Kapoor

[SpiritualTRADER @Spiritual_Trad]

Open Letter TO @SEBI_India @SEBI_updates

To,
The Security and Exchange Board of India (SEBI)
To Whomsoever It May Concern

Dear Sir/Ma’am,

With due respect, I am writing this letter regarding the recent news circulating on social media about the possible closure of weekly expiries in options trading. As a citizen of India and a retail participant in the markets, I wish to humbly share my journey and thoughts on this matter.

I would consider myself a “COVID trader.” I was working in Singapore and had a decent life until the pandemic struck, after which I lost my job. During this difficult time, I was introduced to options trading. Like many beginners, I was fascinated, but I took the path of learning, back testing, and applying strategies responsibly. With my savings from abroad, I started option selling, slowly increasing my capital over time.

When SEBI revised margin rules, I complied, infused more capital, and continued learning. Over the past two years, trading options has become not just my profession but my way of sustaining myself and my family. While I may not earn like hedge funds, I am genuinely working to grow in this market with discipline, patience, and constant learning. In many ways, I see myself as a risk manager, always aware of the responsibility that comes with trading.

I deeply respect SEBI and the Government of India’s efforts to protect citizens from financial harm — for example, the recent decision to shut down online gaming. However, that move has also led to loss of jobs and closure of large businesses in that sector. I humbly request that the same approach should not be extended to financial markets.

Unlike gaming, which drains money without creating productive value, financial markets are part of a regulated ecosystem that fosters liquidity, efficiency, and opportunity. Yes, there are many who speculate recklessly, but the solution is not to close avenues like weekly expiries. Instead, we should aim for stronger checks, education, and awareness programs. Every business has winners and losers, but with the right knowledge, discipline, and guidance, people can learn to trade responsibly and become self-sustainable, just as I have managed to do despite not coming from a financial background.

On a related note, almost every day I receive calls from random companies promising unrealistic returns of 50–60% on capital by simply following their “tips.” Many unsuspecting individuals, either trying to get rich quickly or to recover past losses, can easily fall prey to such scams. This is a far greater danger to retail participants than regulated products like weekly expiries. I strongly believe that investor education and awareness, not restriction, is the right path forward to safeguard people from such exploitation.

Weekly expiries are the “bread and butter” for many retail traders, as well as for brokers, technology platforms, and research services that thrive around this ecosystem. Closing them would not just affect individuals but also an entire chain of businesses that contribute to India’s financial inclusion journey.

I fold my hands in sincere request — please reconsider any move towards the closure of weekly expiries. Instead, let us work together to make option trading more structured, educational, and empowering for India’s citizens. With the right framework, we can turn retail participation into a strength, contributing towards the larger vision of an Atmanirbhar Bharat (Self Sustainable India).

Thank you for your time and consideration.

Respectfully,
A Concerned Citizen of India

@SarangSood @SimpleAditya_9 @itjegan @vishalmehta29 @Ronak_Unadkat @AshishGupta325 @pawanaroraleo @varinder_bansal @CaVardhanCa @zerodha @saketh1998 @piyushchaudhry @piyushchaudhry @PRAFULKULKARN18 @adi2307
If anyone of you resonate with this thought or would like to add to this. Please feel free to tag more people. I have been reaching out people with good following to take a stand for us, but since none of them replied, I am just trying to do what I do best from my side to help us save from the dire situation we might land into. I absolutely love trading, I would love to do it & obviously make a community where we help each other grow. 🙏

[Aditya Kapoor @adi2307]

@jake_rm_ Hey Jake,
1. What variations do you use to scale up these?
2. Do you use Up and Down / Down only?

As i created more catch all campaigns, the performance dropped a lot. Not able to figure out why.

[Aditya Kapoor @adi2307]

@ArijanJanes AB

[Aditya Kapoor @adi2307]

@GoldenDustbin All the best and congratulations Aamodh👍🏻
How hard/easy was taking this decision to quit your job?

[Aditya Kapoor @adi2307]

@Tradetron1 Subah Tak theek kar Dena please🙏🏻

[Aditya Kapoor @adi2307]

@BandiShreyas The effort that you're putting in bringing this out is commendable @BandiShreyas.

[Aditya Kapoor @adi2307]

@Anchiiiiiiiit Arre yeh kis line me aa gaye aap?
😎 Awesome.

[Aditya Kapoor @adi2307]

LAST UPDATE: Recieved the Call and @ShoonyaApp have Agreed for a Full Refund without any questions asked.
Thanks to all on twitter who Retweeted and Guided throughout this past week.
Special mention to @jitendrajain @sujal_modi1 @BetTrader429 @Anchiiiiiiiit @nitishnarang

[Aditya Kapoor @adi2307]

Loss of 5 Lakh due to Squaring Off the Ghost trades taken during the @ShoonyaApp @FINVASIA @Sarvjeet29 glitch on 13th April 2023. They sold options worth 900% of my account size.
@jitendrajain
@BandiShreyas
@sujal_modi1
@BetTrader429

[Aditya Kapoor @adi2307]

UPDATE: 24 hours since this tweet. Same position. No call/ Mail recieved yet.

[Aditya Kapoor @adi2307]

@StockBuzz7 @NSEIndia @SEBI_India done that. No revert.

[Aditya Kapoor @adi2307]

@ShoonyaApp @jitendrajain I've mailed you, DMed you. Haven't recieved a single call or a mail. 5L loss.

[Aditya Kapoor @adi2307]

@ShoonyaApp Nothing about People who closed their False positions?

[Aditya Kapoor @adi2307]

@Anchiiiiiiiit And then he scams again to avenge the scam. 😂

[Aditya Kapoor @adi2307]

@kirubaakaran Do NOTHING. Wait for the next EQUITY high.

[Aditya Kapoor @adi2307]

@Anchiiiiiiiit Jhakkass

[Aditya Kapoor @adi2307]

@Anchiiiiiiiit Welcome to the 'other' side. 🫶🏻 Wish you all the very best.

[Aditya Kapoor @adi2307]

@Anchiiiiiiiit This stuck when I read this book --> “Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.”

[Aditya Kapoor @adi2307]

@Anchiiiiiiiit Congratulations Bhai