Kunal Tandon

Building toward financial freedom.
Quant Trading • AI • Investing 📈

[Kunal Tandon @kkunal_Tandon]

📊 Trading Update | Oct 2025 → Jul 2026
Started with ₹10,00,000 in October 2025.

Current portfolio:

• ₹16,78,119
• Net Profit: ₹6,78,119
• Overall Return: +67.8%
• July Return: +9.6%

No shortcuts. Just defined-risk options trading, backtesting, disciplined risk management, and continuous learning.
Sharing the charts for full context.
Still learning. 📈

[Kunal Tandon @kkunal_Tandon]

@urstrulyNam Haha, thanks! 😄

[Kunal Tandon @kkunal_Tandon]

@kaps_chartist My 2 cents on thia for all

https://t.co/EBQQ7TVLAz

[Kunal Tandon @kkunal_Tandon]

I think the debate around CAS is heading in the wrong direction.

Too much of the discussion has become about the profitability or livelihood of straddle sellers.

That’s the wrong lens. 1/n 🧵 🪡

[Kunal Tandon @kkunal_Tandon]

@NovaSky_47 @SarangSood Great. Tell me which point is incorrect and why. Happy to discuss the mechanics.

[LeoNifty @Leo04G]

🫰Option Sellers diverting overall market infra change into a petty straddle/strangle selling issue

👍Good take by @kkunal_Tandon
Pricing will evolve
🆘The call for a ban will not work
Arguments seems weak, mostly fueled by platform they are promoting
#fintwit #India #nifty

[Kunal Tandon @kkunal_Tandon]

@SarangSood The fact is it is here to stay and we need to deal with it .

I way is to crib
Another is to adapt.

[Kunal Tandon @kkunal_Tandon]

@SarangSood Bhai etfs need a price where they close each day and rebalance. Vwap price is just a number not a tradable price and it leads to tracking errors.

So for etfs they need a closing auction to execute huge qty at a unique price ( 1 price)

That’s why this CAS .

[Kunal Tandon @kkunal_Tandon]

Lower bands are possible, but the priority is ensuring price discovery and a successful settlement. You don’t want ETFs/MFs unable to rebalance because the auction failed. Order modifications before the freeze are also necessary; after the freeze, restrictions are already much tighter.

[Kunal Tandon @kkunal_Tandon]

@SKantekar It’s still an option. The only difference is that expiry now includes a discrete CAS jump instead of continuous trading till the close.

The market will adapt by pricing that auction risk. If your model doesn’t, booking before 3:15 is probably the safer approach.

[Kunal Tandon @kkunal_Tandon]

I think the debate around CAS is heading in the wrong direction.

Too much of the discussion has become about the profitability or livelihood of straddle sellers.

That’s the wrong lens. 1/n 🧵 🪡

[Kunal Tandon @kkunal_Tandon]

Umm
1) if they don’t settle together then CAS spikes would be even more and it would become more illiquid. ( no incentive to capture spot to cas premium)

2) US has CAS as a parllel to regular market. Most other close with CAS or similar process.

3) Most markets have been doing this for long and we will also adapt to it here . Arb opportunities can’t stay forever.

[Kunal Tandon @kkunal_Tandon]

@vtchakarova Yes I agree .
But i was told jig is up if it’s closed for 3 months .

Here we are almost 6 months from start of the war and it’s still to show up meaningfully.

[Kunal Tandon @kkunal_Tandon]

@saurabh_gunjal_ As it should be brother as it should be 🤓🤓

[Kunal Tandon @kkunal_Tandon]

@AshwinBadri2 My 2 cents on this CAS madness from prospective of SEBi and others

https://t.co/EBQQ7TVLAz

[Kunal Tandon @kkunal_Tandon]

I think the debate around CAS is heading in the wrong direction.

Too much of the discussion has become about the profitability or livelihood of straddle sellers.

That’s the wrong lens. 1/n 🧵 🪡

[Kunal Tandon @kkunal_Tandon]

@AshishGupta325 Bro my 2 cents on it

https://t.co/EBQQ7TVLAz

[Kunal Tandon @kkunal_Tandon]

I think the debate around CAS is heading in the wrong direction.

Too much of the discussion has become about the profitability or livelihood of straddle sellers.

That’s the wrong lens. 1/n 🧵 🪡

[Kunal Tandon @kkunal_Tandon]

@Lionheartedtrde Yes bro

[Kunal Tandon @kkunal_Tandon]

Like i have been saying effected big straddle sellers can buy all 50 stocks or most heavyweights.

And provide exit liquidity in CAS to etf funds with those stocks and make a profit.

In process save their livelihood as well .

[Varsity @ZerodhaVarsity]

CAS was introduced to solve a pricing problem. It has revealed a participation problem.

Proprietary traders are ~40% of cash market turnover, and most of it is intraday, closed out before 3:15 PM.

Since selling into the auction largely requires already owning the stock, the day's largest source of liquidity has little or nothing to sell.

[Kunal Tandon @kkunal_Tandon]

@ZerodhaVarsity My 2 cents on this https://t.co/EBQQ7TVLAz

[Kunal Tandon @kkunal_Tandon]

I think the debate around CAS is heading in the wrong direction.

Too much of the discussion has become about the profitability or livelihood of straddle sellers.

That’s the wrong lens. 1/n 🧵 🪡

[Kunal Tandon @kkunal_Tandon]

@PRAFULKULKARN18 Umm my 2 cents on this

https://t.co/EBQQ7TVLAz

[Kunal Tandon @kkunal_Tandon]

I think the debate around CAS is heading in the wrong direction.

Too much of the discussion has become about the profitability or livelihood of straddle sellers.

That’s the wrong lens. 1/n 🧵 🪡

[Kunal Tandon @kkunal_Tandon]

@khanzubare Haha my 2 cents on this 😅

https://t.co/EBQQ7TVLAz

[Kunal Tandon @kkunal_Tandon]

I think the debate around CAS is heading in the wrong direction.

Too much of the discussion has become about the profitability or livelihood of straddle sellers.

That’s the wrong lens. 1/n 🧵 🪡

[Kunal Tandon @kkunal_Tandon]

@saurabh_gunjal_ Noo it’s a headging instrument 😅 officially .
My 2 cents on this

https://t.co/EBQQ7TVLAz

[Kunal Tandon @kkunal_Tandon]

I think the debate around CAS is heading in the wrong direction.

Too much of the discussion has become about the profitability or livelihood of straddle sellers.

That’s the wrong lens. 1/n 🧵 🪡