COVERED PUT	SHORT CALL CONDOR SPREAD
About Strategy	Covered Put Option Strategy  This strategy is exactly opposite to Covered Call Strategy. Here the investor is neutral or moderately bearish in nature and wants to take advantage of the price fall in the near future. The trader will short one lot of stock future. Now the trader will short ATM Put Option, the option strike price will be his exit price. If the prices rally above the strike price, the Read more..	Short Call Condor Spread Option Strategy Short Call Condor Spread is the opposite of Long Call Condor Spread i.e. sell 1 Deep ITM Call Option, buy 1 ITM Call Option, buy 1 OTM Call Option, sell 1 Deep OTM Call Option. Similar to Long Call Condor, the risk and rewards associated with this strategy are limited. Credit is received at the time of entering into this strategy. Read more..

COVERED PUT Vs SHORT CALL CONDOR SPREAD - Details

	COVERED PUT	SHORT CALL CONDOR SPREAD
Market View	Bearish	Volatile
Type (CE/PE)	PE (Put Option) + Underlying	CE (Call Option)
Number Of Positions	2	4
Strategy Level	Advance	Advance
Reward Profile	Limited	Limited
Risk Profile	Unlimited	Limited
Breakeven Point	Futures Price + Premium Received	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium

COVERED PUT Vs SHORT CALL CONDOR SPREAD - When & How to use ?

	COVERED PUT	SHORT CALL CONDOR SPREAD
Market View	Bearish	Volatile
When to use?	The Covered Put works well when the market is moderately Bearish.	This strategy is used when an investor expect the price of the underlying stock to be very volatile.
Action	Sell Underlying Sell OTM Put Option	Buy ITM Call Option + Buy OTM Call Option + Sell Deep OTM Call Option + Sell Deep ITM Call Option
Breakeven Point	Futures Price + Premium Received	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium

COVERED PUT Vs SHORT CALL CONDOR SPREAD - Risk & Reward

	COVERED PUT	SHORT CALL CONDOR SPREAD
Maximum Profit Scenario	The profit happens when the price of the underlying moves above strike price of Short Put.	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid
Maximum Loss Scenario	Price of Underlying - Sale Price of Underlying - Premium Received	Strike Price of Lower Strike Long Call - Strike Price of Lower Strike Short Call - Net Premium Received + Commissions Paid
Risk	Unlimited	Limited
Reward	Limited	Limited

COVERED PUT Vs SHORT CALL CONDOR SPREAD - Strategy Pros & Cons

	COVERED PUT	SHORT CALL CONDOR SPREAD
Similar Strategies	Bear Put Spread, Bear Call Spread	Short Strangle
Disadvantage	• Limited profit, unlimited risk. • Trader should have enough experience before using this strategy.	• Amount of profit is low in comparison with other strategies. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.
Advantages	• Investors can book profit when underlying stock price drop, move sideways or rises by a small amount. • Able to generate monthly income. • Able to generate profit from fall in prices or mild increase in the prices.	• This strategy allows you to profit from highly volatile underlying assets moving in any direction. • Earn profit with little or no investment. • Wider profit zone.