Evening star pattern is in the below diagram;
Three candles jointly form the evening star pattern... first candle always bullish and the second one will besmall body either white/black and the third one is bearish candle.....
This pattern is powerful when only when it happens at a big up rally.. in consolidation periods, this is not powerful...
As Wipro rallied up for long high, i hope this trade should work on my favor. I will book profits if 580 Put reach 15 - 20 range.
Having stoplosses in stock options would be tough because of the whipsaws of the underlying... though having stop loss as per your convenient level recommended...