DIAGONAL BULL CALL SPREAD	REVERSE IRON BUTTERFLY
About Strategy	Diagonal Bull Call Spread Option Strategy This strategy is implemented by a trader when he is neutral – moderately bullish in the near-month contract and bullish in the mid-month contract. It involves sale of 1 Near-Month OTM Call Option and buying of 1 Mid Month ITM Call Option. Risk: Read more..	Reverse Iron Butterfly Option Strategy Reverse Iron Butterfly as the name suggests is the opposite of Iron Butterfly. In Reverse Iron Butterfly, a trader is bullish on volatility and expects the market to make significant move in the near future in either directions. Here a trader will buy 1 ATM Call Option, sell 1 OTM Call Option, buy 1 ATM Put Option, sell 1 OTM Put Option. This strategy also bags lim .. Read more..

DIAGONAL BULL CALL SPREAD Vs REVERSE IRON BUTTERFLY - Details

	DIAGONAL BULL CALL SPREAD	REVERSE IRON BUTTERFLY
Market View	Bullish	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	2	4
Strategy Level	Beginners	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point		Upper Breakeven Point = Strike Price of Long Call + Net Premium Paid, Lower Breakeven Point = Strike Price of Long Put - Net Premium Paid

DIAGONAL BULL CALL SPREAD Vs REVERSE IRON BUTTERFLY - When & How to use ?

	DIAGONAL BULL CALL SPREAD	REVERSE IRON BUTTERFLY
Market View	Bullish	Neutral
When to use?		This strategy is used when a trader is bullish on volatility and expects the market to make significant move in the near future in either directions.
Action	Buy 1 Long-Term ITM Call Sell 1 Near-Term OTM Call	Sell 1 OTM Put, Buy 1 ATM Put, Buy 1 ATM Call, Sell 1 OTM Call
Breakeven Point		Upper Breakeven Point = Strike Price of Long Call + Net Premium Paid, Lower Breakeven Point = Strike Price of Long Put - Net Premium Paid

DIAGONAL BULL CALL SPREAD Vs REVERSE IRON BUTTERFLY - Risk & Reward

	DIAGONAL BULL CALL SPREAD	REVERSE IRON BUTTERFLY
Maximum Profit Scenario		Strike Price of Short Call (or Long Put) - Strike Price of Long Call (or Short Put) - Net Premium Paid - Commissions Paid
Maximum Loss Scenario		Net Premium Paid + Commissions Paid
Risk	Limited	Limited
Reward	Limited	Limited

DIAGONAL BULL CALL SPREAD Vs REVERSE IRON BUTTERFLY - Strategy Pros & Cons

	DIAGONAL BULL CALL SPREAD	REVERSE IRON BUTTERFLY
Similar Strategies	Bull Put Spread	Short Put Butterfly, Short Condor
Disadvantage		• Potential loss is higher than gain, complex strategy. • Not suitable for beginners.
Advantages		• Able to profit whether stocks move in either direction up or down. • This strategy can be used by option traders who cannot use credit spreads. • Predictable maximum loss and profits, volatile strategy.