BULL PUT SPREAD	LONG CALL CONDOR SPREAD
About Strategy	Bull Put Spread Option Strategy Bull Put Spread option trading strategy is used by a trader who is bullish in nature and expects the underlying asset to move in an upward trend in the near future. This strategy includes buying of an ‘Out of the Money’ Put Option and selling of ‘In the Money’ Put Option of the same underlying asset and the same expiration date. When you write a Put, you will receive prem 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..

BULL PUT SPREAD Vs LONG CALL CONDOR SPREAD - Details

	BULL PUT SPREAD	LONG CALL CONDOR SPREAD
Market View	Bullish	Neutral
Type (CE/PE)	PE (Put Option)	CE (Call Option)
Number Of Positions	2	4
Strategy Level	Advance	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Strike price of short put - net premium paid	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

BULL PUT SPREAD Vs LONG CALL CONDOR SPREAD - When & How to use ?

	BULL PUT SPREAD	LONG CALL CONDOR SPREAD
Market View	Bullish	Neutral
When to use?	Bull Put Spread strategy is used when you're of the view that the price of a particular underlying will rise, move sideways, or marginally fall.	This strategy works well when you expect the price of the underlying asset to be range bound in the coming days.
Action	Buy OTM Put Option, Sell ITM Put Option	Buy Deep ITM Call Option, Buy Deep OTM Call Option, Sell ITM Call Option, Sell OTM Call Option
Breakeven Point	Strike price of short put - net premium paid	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

BULL PUT SPREAD Vs LONG CALL CONDOR SPREAD - Risk & Reward

	BULL PUT SPREAD	LONG CALL CONDOR SPREAD
Maximum Profit Scenario	Max Profit = Net Premium Received	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid
Maximum Loss Scenario	Max Loss = (Strike Price Put 1 - Strike Price of Put 2) - Net Premium Received	Net Premium Paid
Risk	Limited	Limited
Reward	Limited	Limited

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

	BULL PUT SPREAD	LONG CALL CONDOR SPREAD
Similar Strategies	Bull Call Spread, Bear Put Spread, Collar	Long Put Butterfly, Short Call Condor, Short Strangle
Disadvantage	• Limited profit potential. • In loss situations, time decay may go against you.	• Amount of profit is comparatively low. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.
Advantages	• Benefit from the time decay in profit positions but harmful in loss positions. • Profitable when underlying stock price rises, move sideways or marginal drop. • Reduce the downside risk.	• 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.