LONG CALL CONDOR SPREAD	LONG CALL BUTTERFLY
About Strategy	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..	Long Call Butterfly Option Strategy A trader, who is neutral in nature and believes that there will be very low volatility i.e. expects the market to remain range bound, will implement this strategy. This strategy involves selling of 2 ATM Call Options, buying 1 ITM Call Option & buying 1 OTM Call Option of the same expiry date & same underlying asset. The difference between the strikes sho .. Read more..

LONG CALL CONDOR SPREAD Vs LONG CALL BUTTERFLY - Details

	LONG CALL CONDOR SPREAD	LONG CALL BUTTERFLY
Market View	Neutral	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	4	4
Strategy Level	Advance	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	Upper Breakeven = Higher Strike Price - Net Premium, Lower Breakeven = Lower Strike Price + Net Premium

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

	LONG CALL CONDOR SPREAD	LONG CALL BUTTERFLY
Market View	Neutral	Neutral
When to use?	This strategy works well when you expect the price of the underlying asset to be range bound in the coming days.	This strategy should be used when you're expecting no volatility in the price of the underlying.
Action	Buy Deep ITM Call Option, Buy Deep OTM Call Option, Sell ITM Call Option, Sell OTM Call Option	Sell 2 ATM Call, Buy 1 ITM Call, Buy 1 OTM Call
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium	Upper Breakeven = Higher Strike Price - Net Premium, Lower Breakeven = Lower Strike Price + Net Premium

LONG CALL CONDOR SPREAD Vs LONG CALL BUTTERFLY - Risk & Reward

	LONG CALL CONDOR SPREAD	LONG CALL BUTTERFLY
Maximum Profit Scenario	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid	Adjacent strikes - Net premium debit.
Maximum Loss Scenario	Net Premium Paid	Net Premium Paid
Risk	Limited	Limited
Reward	Limited	Limited

LONG CALL CONDOR SPREAD Vs LONG CALL BUTTERFLY - Strategy Pros & Cons

	LONG CALL CONDOR SPREAD	LONG CALL BUTTERFLY
Similar Strategies	Long Put Butterfly, Short Call Condor, Short Strangle	-
Disadvantage	• Amount of profit is comparatively low. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.	• Due to limited lifespan of call options, you can lose the premium paid. • Limited profit which is bound in a narrow range between the two wing strikes.
Advantages	• 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.	• Under this strategy, a trader can book profit even when there is not volatility in the market. • Limited risks to the net premium paid. • This strategy allows you to gain more profits by investing less and limiting your losses to minimum.