NEUTRAL CALENDAR SPREAD	CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY
About Strategy	Neutral Calendar Spread Option strategy  This strategy is implemented if the trader is neutral in the near future for say 2 months or so. This strategy involves writing of Near Month 1 ATM Call Option and buying 1 Mid Month ATM Call Option, hence reducing the cost of purchase, with the same strike price of the same underlying asset. This strategy is used when the trader wants to make money from the Read more..	Christmas Tree Spread with Call Option Strategy This Strategy is an advance option strategy that consists of three legs and six total options. In this strategy buying one call at strike price A, skipping strike price B, writes three calls at strike price C, and buying two calls at strike price D for same expiration dates for neutral to bullish forecast. An investor used this strategy to potential retur .. Read more..

NEUTRAL CALENDAR SPREAD Vs CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY - Details

	NEUTRAL CALENDAR SPREAD	CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY
Market View	Neutral	Bullish
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	2	4
Strategy Level	Beginners	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	-	Lowest strike prices + premium paid – the half premium.

NEUTRAL CALENDAR SPREAD Vs CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY - When & How to use ?

	NEUTRAL CALENDAR SPREAD	CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY
Market View	Neutral	Bullish
When to use?	This strategy is implemented if the trader is neutral in the near future for say 2 months or so. This strategy involves writing of Near Month 1 ATM Call Option and buying 1 Mid Month ATM Call Option.	This Strategy is used when an investor wants potential returns.
Action	Sell 1 Near-Term ATM Call, Buy 1 Long-Term ATM Call	• Buy 1 call , • Sell 3 calls, • Buy 2 calls
Breakeven Point	-	Lowest strike prices + premium paid – the half premium.

NEUTRAL CALENDAR SPREAD Vs CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY - Risk & Reward

	NEUTRAL CALENDAR SPREAD	CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY
Maximum Profit Scenario	Maximum Profit Limited When underlying stock price remains unchanged on expiration of the near month options.	Equal middle strike price – lower strike price – the premium
Maximum Loss Scenario	It occurs when the stock price goes down and stays down until expiration of the longer term options.	Net Debit paid for the strategy.
Risk	Limited	Limited
Reward	Limited	Limited

NEUTRAL CALENDAR SPREAD Vs CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY - Strategy Pros & Cons

	NEUTRAL CALENDAR SPREAD	CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY
Similar Strategies	Long Put Butterfly, Iron Butterfly	CHRISTMAS TREE SPREAD WITH PUT OPTION
Disadvantage	• Lower profitability • Must have enough experience.	• Potential profit is lower or limited.
Advantages	• Almost zero margin required. • Ability to profit from time decay, limited risk. • This strategy allows you to transform position into long position.	• The potential of loss is limited.