Wipro employee goes all in on INFY calls, turns ₹78L into ₹2.6Cr and then gets caught 🤡📉📈

tldr: Infosys bags a fat Vanguard deal, a Wipro exec hears about it early, goes full degen with 750CE-900CE calls, turns ₹78 lakh into ₹2.6 crore, and SEBI gives him a ₹30 lakh slap on the face and impounds all gains.

This is peak Indian securities regulation. This guy's risk-reward was literally 10:1. SEBI essentially told him:

"Congrats, you cheated the system. Now keep your ₹2.3 crore, but give us ₹30 lakh for appearances."

Here's what happened:

1. July 8, 2020

• Our boy Keyur gets off a long chad-level call with Ramit.
• Vanguard deal is gonna be public in 6 days.
• Minutes after the call, he loads up on call options.

2. July 8-10

• He starts small and sneaky. ₹2.15L, then ₹4.48L, then ₹9.18L.
• Keeps volume low, doesn’t want to trigger algos yet.
• Builds positions methodically.

3. July 13-14

• Goes full ape mode: ₹24.66L in a day, then ₹37.45L next day.
• Biggest bets on 840-850CE (ATM/OTM mid-range strikes).
• Total premium spent: ₹77.94L.

4. Post-July 14

• Infosys deal announced, IV explodes.
• Puts in sell orders. Profits booked: ₹2.6 Cr.
• ROI: 234%. Absolute gigachad trading.

Now check out his strat: Strike Selection:

• 750CE-900CE spread, 15 different strikes.
• Highest size in 840CE-850CE (optimal gamma, IV spike zone).
• Less weight in deep OTM (900CE, too risky).

Premium Scaling:

• Starts high with ITM (750-780CE, ₹40+ premiums).
• Degen mode in OTM (850CE: ₹6.60, 900CE: ₹2.86).
• Why? Cheap leverage. Can go all-in.

Profit Mechanics:

• 840CE made the most: ₹47.5L in profit.
• 800CE wasn’t far behind: ₹42.2L.
• Even far OTM 880CE printed ₹24.5L.

This guy literally made money out of thin air by playing the IV expansion and theta decay perfectly.

Here's how SEBI figured this mf:

The Entry Timing

• Minutes after a specific phone call.
• Why does a Wipro guy suddenly YOLO ₹78L on INFY?

The Positioning

• Who the f* accumulates 3.5L+ call contracts in 5 days?**
• Retail never trades like this. Even mutual funds don't.

The Risk Profile

• This wasn’t a hedge. It was a pure directional all-in bet.
• A normal trader would NEVER size this big on a single expiry.

Here's what SEBI did, absolute clown behaviour 🤡

• ₹2.6 Cr in gains impounded. ₹30L penalty.
• Regulatory equivalent of a mosquito bite.
• Not even a lifetime ban. LMAO.
• SEC in the US would have jailed him. SEBI just asked for pocket change.

Here's how you can rig the system too:

Options = Best Insider Trading Vehicle

• Low capital, insane leverage.
• Harder to track if split across strikes.
• SEBI too dumb to catch IV spikes early.

Regulations in India are a Meme

• A US hedge fund would’ve sniffed this out.
• In India, you just need an "oops sorry" fine.

Never Use Equities for Insider Trading

• Direct equities = visible bulk trades, easy to flag.
• Options hide volume, use leverage, and avoid margin issues.

Here's the ultimate reality:

• The system is broken. SEBI is asleep.
• If you have inside info, options are the cheat code to make easy money.
• Worst case? You pay a "sorry" fine and keep the rest.
• Markets are not about fundamentals, just knowing the right phone call.

Would I do this? No, because I don’t want to end up in Tihar Jail.
Would a smart degenerate do this? Only if they know how to not get caught.

If you read this and still think markets are fair, you are the exit liquidity.