CALL BACKSPREAD	NEUTRAL CALENDAR 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..	Neutral Calendar Spread Option strategy  This strategy is implemented if the trader is neutral in the near future for say 2 months or so. This strategy involves writing of Near Month 1 ATM Call Option and buying 1 Mid Month ATM Call Option, hence reducing the cost of purchase, with the same strike price of the same underlying asset. This strategy is used when the trader wants to make money from the .. Read more..

CALL BACKSPREAD Vs NEUTRAL CALENDAR SPREAD - Details

	CALL BACKSPREAD	NEUTRAL CALENDAR SPREAD
Market View	Bullish	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	3	2
Strategy Level	Advance	Beginners
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	-

CALL BACKSPREAD Vs NEUTRAL CALENDAR SPREAD - When & How to use ?

	CALL BACKSPREAD	NEUTRAL CALENDAR SPREAD
Market View	Bullish	Neutral
When to use?	This strategy is used when the investor expects the price of the stock to rise in the future.	This strategy is implemented if the trader is neutral in the near future for say 2 months or so. This strategy involves writing of Near Month 1 ATM Call Option and buying 1 Mid Month ATM Call Option.
Action	Sell 1 ITM Call, BUY 2 OTM Call	Sell 1 Near-Term ATM Call, Buy 1 Long-Term ATM Call
Breakeven Point	Lower breakeven = strike price of the short call, Upper breakeven = strike price of long calls + point of maximum loss	-

CALL BACKSPREAD Vs NEUTRAL CALENDAR SPREAD - Risk & Reward

	CALL BACKSPREAD	NEUTRAL CALENDAR SPREAD
Maximum Profit Scenario	Unlimited profit potential if the stock goes in upward direction.	Maximum Profit Limited When underlying stock price remains unchanged on expiration of the near month options.
Maximum Loss Scenario	Strike Price of long call - Strike Price of short call - Net premium received	It occurs when the stock price goes down and stays down until expiration of the longer term options.
Risk	Limited	Limited
Reward	Unlimited	Limited

CALL BACKSPREAD Vs NEUTRAL CALENDAR SPREAD - Strategy Pros & Cons

	CALL BACKSPREAD	NEUTRAL CALENDAR SPREAD
Similar Strategies	-	Long Put Butterfly, Iron Butterfly
Disadvantage		• Lower profitability • Must have enough experience.
Advantages	• Unlimited profit potential.	• Almost zero margin required. • Ability to profit from time decay, limited risk. • This strategy allows you to transform position into long position.