CALL BACKSPREAD	SHORT CALL CONDOR SPREAD
About Strategy	Call Backspread Option Trading  This strategy is adopted by traders who are bullish in nature. He expects market and volatility to rise in the near future. A trader need not be direction specific here (i.e. an upward or downward trend, but a small bias towards an uptrend should always be present, as the gains will be much higher once the market moves up r Read more..	Short Call Condor Spread Option Strategy Short Call Condor Spread is the opposite of Long Call Condor Spread i.e. sell 1 Deep ITM Call Option, buy 1 ITM Call Option, buy 1 OTM Call Option, sell 1 Deep OTM Call Option. Similar to Long Call Condor, the risk and rewards associated with this strategy are limited. Credit is received at the time of entering into this strategy. Read more..

CALL BACKSPREAD Vs SHORT CALL CONDOR SPREAD - Details

	CALL BACKSPREAD	SHORT CALL CONDOR SPREAD
Market View	Bullish	Volatile
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	3	4
Strategy Level	Advance	Advance
Reward Profile	Unlimited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Lower breakeven = strike price of the short call, Upper breakeven = strike price of long calls + point of maximum loss	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium

CALL BACKSPREAD Vs SHORT CALL CONDOR SPREAD - When & How to use ?

	CALL BACKSPREAD	SHORT CALL CONDOR SPREAD
Market View	Bullish	Volatile
When to use?	This strategy is used when the investor expects the price of the stock to rise in the future.	This strategy is used when an investor expect the price of the underlying stock to be very volatile.
Action	Sell 1 ITM Call, BUY 2 OTM Call	Buy ITM Call Option + Buy OTM Call Option + Sell Deep OTM Call Option + Sell Deep ITM Call Option
Breakeven Point	Lower breakeven = strike price of the short call, Upper breakeven = strike price of long calls + point of maximum loss	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium

CALL BACKSPREAD Vs SHORT CALL CONDOR SPREAD - Risk & Reward

	CALL BACKSPREAD	SHORT CALL CONDOR SPREAD
Maximum Profit Scenario	Unlimited profit potential if the stock goes in upward direction.	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid
Maximum Loss Scenario	Strike Price of long call - Strike Price of short call - Net premium received	Strike Price of Lower Strike Long Call - Strike Price of Lower Strike Short Call - Net Premium Received + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Limited

CALL BACKSPREAD Vs SHORT CALL CONDOR SPREAD - Strategy Pros & Cons

	CALL BACKSPREAD	SHORT CALL CONDOR SPREAD
Similar Strategies	-	Short Strangle
Disadvantage		• Amount of profit is low in comparison with other strategies. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.
Advantages	• Unlimited profit potential.	• This strategy allows you to profit from highly volatile underlying assets moving in any direction. • Earn profit with little or no investment. • Wider profit zone.