NEUTRAL CALENDAR SPREAD	BULL CALENDER SPREAD
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..	Bull Calendar Spread Option Strategy This strategy is implemented when a trader is bullish on the underlying stock/index in the short term say 2 months or so. A trader will write one Near Month OTM Call Option and buy one next Month OTM Call Option, thereby reducing the cost of purchase, with the same strike price of the same underlying asset. This strategy is used when a trader wants to make prof .. Read more..

NEUTRAL CALENDAR SPREAD Vs BULL CALENDER SPREAD - Details

	NEUTRAL CALENDAR SPREAD	BULL CALENDER SPREAD
Market View	Neutral	Bullish
Type (CE/PE)	CE (Call Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	2	2
Strategy Level	Beginners	Beginners
Reward Profile	Limited	Unlimited
Risk Profile	Limited	Limited
Breakeven Point	-	Stock Price when long call value is equal to net debit.

NEUTRAL CALENDAR SPREAD Vs BULL CALENDER SPREAD - When & How to use ?

	NEUTRAL CALENDAR SPREAD	BULL CALENDER SPREAD
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 a trader wants to make profit from a steady increase in the stock price over a short period of time.
Action	Sell 1 Near-Term ATM Call, Buy 1 Long-Term ATM Call	Sell 1 Near-Term OTM Call, Buy 1 Long-Term OTM Call
Breakeven Point	-	Stock Price when long call value is equal to net debit.

NEUTRAL CALENDAR SPREAD Vs BULL CALENDER SPREAD - Risk & Reward

	NEUTRAL CALENDAR SPREAD	BULL CALENDER SPREAD
Maximum Profit Scenario	Maximum Profit Limited When underlying stock price remains unchanged on expiration of the near month options.	You have unlimited profit potential to the upside.
Maximum Loss Scenario	It occurs when the stock price goes down and stays down until expiration of the longer term options.	Max Loss = Premium Paid + Commissions Paid
Risk	Limited	Limited
Reward	Limited	Unlimited

NEUTRAL CALENDAR SPREAD Vs BULL CALENDER SPREAD - Strategy Pros & Cons

	NEUTRAL CALENDAR SPREAD	BULL CALENDER SPREAD
Similar Strategies	Long Put Butterfly, Iron Butterfly	The Collar, Bull Put Spread
Disadvantage	• Lower profitability • Must have enough experience.	• Limited profit even if underlying asset rallies. • If the short call options are assigned when the underlying asset rallies then losses can be sustained.
Advantages	• Almost zero margin required. • Ability to profit from time decay, limited risk. • This strategy allows you to transform position into long position.	• Limited losses to the net debit. • Enable trader to book profit even if underlying asset stays stagnant. • If the market trends reverse, cashing in from stock price movement at limited risk.