Hindustan Unilever monthly hedge position. August

HINDUNILVR 2594.95
----OPTION MONTHLY HEDGE----

Buy -1 x 25AUG 2600 PE price-42.05

Sell - 1 x 25AUG 2400 PE Price -3.05

Max Profit = +48,300

Max Loss = -11,700
Breakeven at Expiry = 2561
Probability of Profit 35%