Options Query-Experts Help

#1
I wish to trade in LT options. Attached is my strategy. As per payoff it seems that I will be in minimimal loss if LT stays above 1415, and major loss will be there if LT dips below 1290.
If I keep a sl of 1315 and go for the strategy..does it make sense.

Let me know If I am missing something

Thanks
 

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