ICICI Bank Bull Call Spread

ICICI Spot: 623
Breakeven: 624
Buy ITM: CE 600 @ 28.30
Short OTM: CE 640 @ 5.95
Theta: +0.12 (Theta Neutral)
Delta: +0.47

Probability: 49 %
Max Pofit: +25K
Max Loss: -30K

Exit
SL: Spot Slips below 615 on a closing basis
Target: Profit > 10K (Spot > 632)

Rationale:
RS: +VE Stock
Price: Bullish Candle (Reversal) - Price is above 20 EMA (600) & 50 EMA (590) Strong support Zone - Value Area.
RS: Break Out from descending trend line
RSI: Break Out from previous high
Bank Nifty: Bullish

Trade closed: target reached:

Booked Profit @ 633 spot