what is your Opinion about this trading strategy ? Has any one traded this weekly spread ? Any hidden potential risk factors? Appreciate your help!

bro this is a good one generally i do follow the same in pe or CE ,, same lvls....but remember one thing u need market to be in trend.. to make money in this ull loose if market doesnt move...your way apart its nothing but option selling having a insurance thats all ur loss is limited understand that ur profit will be only the diff max, so in general if u get 50% of it and not sure of big move then u can exit that...
let this be help full lets say banknifty now @ 35500 and ur expecting a trg of 35900 u can sell 36000 ce and recent support @ 35200 which is ur sl u can buy 35100 ce
thats how u need to trade these all
sorry lost access to old id .. please note this is my new id... lost my access as i was using my singapore sim, and back to india for ever. so... i lost my email id recovery as i forgot my password...