BN | Short Trade | Swing

BN as anticipated has gapped up straight into resistance zone and is struggling to find momentum.
I'm anticipating a failure from the highs through a price action and price to re-test the trend line drawn.
I have taken positions for December month expiry. 51600 PE bought.
I have hedged it with a far OTM PE Sell since I believe in trading only spreads unless it's a short burst trade.

Let's see...