Credit spread in Larsen & tubro

A)Larsen & Tubro is among the top 10 NIFTY 50 Stock,

B) L&T is the biggest player in heavy engineering & capital goods,

C) Stock failed to breach previous swing high its sign of weakness (Ref. Chart)

D) Sold 3600 CE around 104, to hedge position bought 3640 CE,

E) Max. Loss is 6195 & Max Loss is 5805,

F) Capital Required # 75000 apx,

G) Taking 2 % risk of  Capital,

H) Summary of the  Trade