NEUTRAL CALENDAR SPREAD	LONG CALL CONDOR SPREAD
About Strategy	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..	Long Call Condor Spread Option Strategy  This strategy is implemented when a trader is bearish on the volatility and expects the market to move sideways. Using Call Options of the same expiry date, he will buy one Deep ITM Call Option, sell 1 ITM Call Option, sell 1 OTM Call Option, buy 1 Deep OTM Call Option. The risk and reward both are limited due to offsetting of long and short positions. For t .. Read more..

NEUTRAL CALENDAR SPREAD Vs LONG CALL CONDOR SPREAD - Details

	NEUTRAL CALENDAR SPREAD	LONG CALL CONDOR SPREAD
Market View	Neutral	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	2	4
Strategy Level	Beginners	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	-	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

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

	NEUTRAL CALENDAR SPREAD	LONG CALL CONDOR SPREAD
Market View	Neutral	Neutral
When to use?	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.	This strategy works well when you expect the price of the underlying asset to be range bound in the coming days.
Action	Sell 1 Near-Term ATM Call, Buy 1 Long-Term ATM Call	Buy Deep ITM Call Option, Buy Deep OTM Call Option, Sell ITM Call Option, Sell OTM Call Option
Breakeven Point	-	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

NEUTRAL CALENDAR SPREAD Vs LONG CALL CONDOR SPREAD - Risk & Reward

	NEUTRAL CALENDAR SPREAD	LONG CALL CONDOR SPREAD
Maximum Profit Scenario	Maximum Profit Limited When underlying stock price remains unchanged on expiration of the near month options.	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid
Maximum Loss Scenario	It occurs when the stock price goes down and stays down until expiration of the longer term options.	Net Premium Paid
Risk	Limited	Limited
Reward	Limited	Limited

NEUTRAL CALENDAR SPREAD Vs LONG CALL CONDOR SPREAD - Strategy Pros & Cons

	NEUTRAL CALENDAR SPREAD	LONG CALL CONDOR SPREAD
Similar Strategies	Long Put Butterfly, Iron Butterfly	Long Put Butterfly, Short Call Condor, Short Strangle
Disadvantage	• Lower profitability • Must have enough experience.	• Amount of profit is comparatively low. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.
Advantages	• Almost zero margin required. • Ability to profit from time decay, limited risk. • This strategy allows you to transform position into long position.	• Capable to generate profit even if there is low volatility in the market. • This strategy is associated with limited risk and limited profit. • Wider profit zone.