RELNAT Zooms Beyond 60

A few days back I wrote of naked put selling. There was an opportunity on that day to sell put 45 at about 3 rs beyond.

Today the market zoomed and RELNAT zoomed beyond 60 Rs.

If one had sold a put of 45 at 3 and squared today about Rs.1 its 2 Rs. for 1788 = Rs.3500 approxmately in 3 or 4 days.

Is not this a decent gain in down markets? Good Luck try next time for such opportunities.

JK