COVERED PUT	LONG 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..	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..

COVERED PUT Vs LONG CALL CONDOR SPREAD - Details

	COVERED PUT	LONG CALL CONDOR SPREAD
Market View	Bearish	Neutral
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 LONG CALL CONDOR SPREAD - When & How to use ?

	COVERED PUT	LONG CALL CONDOR SPREAD
Market View	Bearish	Neutral
When to use?	The Covered Put works well when the market is moderately Bearish.	This strategy works well when you expect the price of the underlying asset to be range bound in the coming days.
Action	Sell Underlying Sell OTM Put Option	Buy Deep ITM Call Option, Buy Deep OTM Call Option, Sell ITM Call Option, Sell OTM 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 LONG CALL CONDOR SPREAD - Risk & Reward

	COVERED PUT	LONG 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	Net Premium Paid
Risk	Unlimited	Limited
Reward	Limited	Limited

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

	COVERED PUT	LONG CALL CONDOR SPREAD
Similar Strategies	Bear Put Spread, Bear Call Spread	Long Put Butterfly, Short Call Condor, Short Strangle
Disadvantage	• Limited profit, unlimited risk. • Trader should have enough experience before using this strategy.	• Amount of profit is comparatively low. • 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.	• 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.