CALL BACKSPREAD	BULL CALENDER 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..	Bull Calendar Spread Option Strategy This strategy is implemented when a trader is bullish on the underlying stock/index in the short term say 2 months or so. A trader will write one Near Month OTM Call Option and buy one next Month OTM Call Option, thereby reducing the cost of purchase, with the same strike price of the same underlying asset. This strategy is used when a trader wants to make prof .. Read more..

CALL BACKSPREAD Vs BULL CALENDER SPREAD - Details

	CALL BACKSPREAD	BULL CALENDER SPREAD
Market View	Bullish	Bullish
Type (CE/PE)	CE (Call Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	3	2
Strategy Level	Advance	Beginners
Reward Profile	Unlimited	Unlimited
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	Stock Price when long call value is equal to net debit.

CALL BACKSPREAD Vs BULL CALENDER SPREAD - When & How to use ?

	CALL BACKSPREAD	BULL CALENDER SPREAD
Market View	Bullish	Bullish
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 a trader wants to make profit from a steady increase in the stock price over a short period of time.
Action	Sell 1 ITM Call, BUY 2 OTM Call	Sell 1 Near-Term OTM Call, Buy 1 Long-Term OTM Call
Breakeven Point	Lower breakeven = strike price of the short call, Upper breakeven = strike price of long calls + point of maximum loss	Stock Price when long call value is equal to net debit.

CALL BACKSPREAD Vs BULL CALENDER SPREAD - Risk & Reward

	CALL BACKSPREAD	BULL CALENDER SPREAD
Maximum Profit Scenario	Unlimited profit potential if the stock goes in upward direction.	You have unlimited profit potential to the upside.
Maximum Loss Scenario	Strike Price of long call - Strike Price of short call - Net premium received	Max Loss = Premium Paid + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Unlimited

CALL BACKSPREAD Vs BULL CALENDER SPREAD - Strategy Pros & Cons

	CALL BACKSPREAD	BULL CALENDER SPREAD
Similar Strategies	-	The Collar, Bull Put Spread
Disadvantage		• Limited profit even if underlying asset rallies. • If the short call options are assigned when the underlying asset rallies then losses can be sustained.
Advantages	• Unlimited profit potential.	• Limited losses to the net debit. • Enable trader to book profit even if underlying asset stays stagnant. • If the market trends reverse, cashing in from stock price movement at limited risk.