There can be gap up and again short covering means we will go HIGHER AND HIGHER. I dont undertand are , you selling a put at gap up and buying when short covering starts you would buy that. Am i wrong???
U think mkt wud go down after gap up or vice versa.
Even i would be on safe side and not be more greedy. I WOULD MOST PROBABLY SQ OFF MY 2 LOTS OF 4600CE ON MONDAY , have sold prev 2 on friday
. Am also planning to buy 2 lot puts arnd 4450 to be on safe side.