Bank Nifty Weekly Puts — Play the Consolidation

Bank Nifty has been oscillating in a 800-point range for 3 weeks (49,200–50,000). IV is compressed at 12.5% — cheap premium. I'm buying 49,200 weekly puts at ₹48 and selling 48,500 puts at ₹22 for a net debit of ₹26. Max profit ₹674 if expiry at or below 48,500. Pure range-break play.