Nifty May-2019 Expiry Option Spread

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NSE:NIFTY   Nifty 50 Index
Election have brought high volatility and indexes giving wild swings of late. There is huge premium due to this volatility . So created below neutral option spread which has wider breakeven 26653-31681. Deployed 35% of my capital. Will do adjustments when spot approaches the BPS .

-1x 30MAY2019 12000PE - ₹ 500
-2x 30MAY2019 12000CE - ₹ 212.7
-1x 30MAY2019 11000CE - ₹ 822.25
Max. Profit ₹ +56,073.75
Breakevens 10253.0-12249.0
Comment: Total profit 56k. Good gain.

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