REVERSE IRON CONDOR	CHRISTMAS TREE SPREAD WITH PUT OPTION
About Strategy	Reverse Iron Condor Option Strategy Reverse Iron Condor as the name suggests is the opposite of Iron Condors. In Reverse Iron Condor, a trader is bullish about volatility and expects the market to make a significant move in the near future in either direction. Here a trader will buy 1 OTM Call Option, sell 1 Deep OTM Call Option, buy 1 OTM Put Option, sell 1 Deep OTM Put Option. This strategy also Read more..	Christmas Tree Spread with Puts Option Strategy This Strategy is an advance option strategy that consists of three legs and six total options. In this strategy buying one put at strike price D, skipping strike price C, writes three calls at strike price B, and buying two calls at strike price A for same expiration dates for neutral to bearish forecast. An investor used this strategy to potential returns .. Read more..

REVERSE IRON CONDOR Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - Details

	REVERSE IRON CONDOR	CHRISTMAS TREE SPREAD WITH PUT OPTION
Market View	Neutral	Bearish
Type (CE/PE)	CE (Call Option) + PE (Put Option)	CE (Call Option)
Number Of Positions	4	6
Strategy Level	Advance	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Upper Breakeven Point = Strike Price of Long Call + Net Premium Paid, Lower Breakeven Point = Strike Price of Long Put - Net Premium Paid	Lowest strike prices + the half premium – premium paid

REVERSE IRON CONDOR Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - When & How to use ?

	REVERSE IRON CONDOR	CHRISTMAS TREE SPREAD WITH PUT OPTION
Market View	Neutral	Bearish
When to use?	In Reverse Iron Condor, a trader is bullish about volatility and expects the market to make a significant move in the near future in either direction	This Strategy is used when an investor wants potential returns.
Action	Buy 1 OTM Put, Sell 1 OTM Put (Lower Strike), Buy 1 OTM Call, Sell 1 OTM Call (Higher Strike)	Buying one ATM, Selling 3 Puts, Buying one more OTM Put
Breakeven Point	Upper Breakeven Point = Strike Price of Long Call + Net Premium Paid, Lower Breakeven Point = Strike Price of Long Put - Net Premium Paid	Lowest strike prices + the half premium – premium paid

REVERSE IRON CONDOR Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - Risk & Reward

	REVERSE IRON CONDOR	CHRISTMAS TREE SPREAD WITH PUT OPTION
Maximum Profit Scenario	Strike Price of Short Call (or Long Put) - Strike Price of Long Call (or Short Put) - Net Premium Paid - Commissions Paid	Equal middle strike price – higher strike price – the premium
Maximum Loss Scenario	Net Premium Paid + Commissions Paid	Net Debit paid for the strategy.
Risk	Limited	Limited
Reward	Limited	Limited

REVERSE IRON CONDOR Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - Strategy Pros & Cons

	REVERSE IRON CONDOR	CHRISTMAS TREE SPREAD WITH PUT OPTION
Similar Strategies	Short Condor	Butterfly spreads
Disadvantage	• Potential loss is higher than gain. • Limited profit.	• Potential profit is lower or limited.
Advantages	• Able to profit whether stocks move in either direction up or down. • This strategy can be used by option traders who cannot use credit spreads. • Predictable maximum loss and profits.	• The potential of loss is limited.