IRON CONDORS	COVERED PUT
About Strategy	Iron Condors Option Strategy Iron Condor is a neutral trading strategy. A trader tries to make profit from low volatility in the price of the underlying asset. This strategy will be better understood if you recall ‘Bull Put Spread’ & ‘Bear Call Spread’. A trader will buy one Deep OTM Put Option and sell one OTM Put Option,. He will also sell one OTM Call Option and buy one Deep OTM Call Option. Read more..	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..

IRON CONDORS Vs COVERED PUT - Details

	IRON CONDORS	COVERED PUT
Market View	Neutral	Bearish
Type (CE/PE)	CE (Call Option) + PE (Put Option)	PE (Put Option) + Underlying
Number Of Positions	4	2
Strategy Level	Advance	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Unlimited
Breakeven Point	Upper Breakeven Point = Strike Price of Short Call + Net Premium Received, Lower Breakeven Point = Strike Price of Short Put - Net Premium Received	Futures Price + Premium Received

IRON CONDORS Vs COVERED PUT - When & How to use ?

	IRON CONDORS	COVERED PUT
Market View	Neutral	Bearish
When to use?	When a trader tries to make profit from low volatility in the price of the underlying asset.	The Covered Put works well when the market is moderately Bearish.
Action	Sell 1 OTM Put, Buy 1 OTM Put (Lower Strike), Sell 1 OTM Call, Buy 1 OTM Call (Higher Strike)	Sell Underlying Sell OTM Put Option
Breakeven Point	Upper Breakeven Point = Strike Price of Short Call + Net Premium Received, Lower Breakeven Point = Strike Price of Short Put - Net Premium Received	Futures Price + Premium Received

IRON CONDORS Vs COVERED PUT - Risk & Reward

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

IRON CONDORS Vs COVERED PUT - Strategy Pros & Cons

	IRON CONDORS	COVERED PUT
Similar Strategies	Long Put Butterfly, Neutral Calendar Spread	Bear Put Spread, Bear Call Spread
Disadvantage	• Full of risk. • Unlimited maximum loss.	• Limited profit, unlimited risk. • Trader should have enough experience before using this strategy.
Advantages	• Chance to gather double premium. • Sure, maximum gains on one-half the trade. • Flexible and double leverage at half price.	• 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.