NEUTRAL CALENDAR SPREAD	BULL CALL 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 Call Spread Option Strategy Bull Call Spread option trading strategy is used by a trader who is bullish in nature and expects the underlying asset to give decent returns in the near future. This strategy includes buying of an ‘In The Money’ Call Option and selling of ‘Deep Out Of the Money’ Call Option of the same underlying asset and the same expiration date. .. Read more..

NEUTRAL CALENDAR SPREAD Vs BULL CALL SPREAD - Details

	NEUTRAL CALENDAR SPREAD	BULL CALL SPREAD
Market View	Neutral	Bullish
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	2	2
Strategy Level	Beginners	Beginners
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	-	Strike price of purchased call + net premium paid

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

	NEUTRAL CALENDAR SPREAD	BULL CALL 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 an investor is Bullish in the market but expect the underlying to gain mildly in near future.
Action	Sell 1 Near-Term ATM Call, Buy 1 Long-Term ATM Call	Buy ITM Call Option, Sell OTM Call Option
Breakeven Point	-	Strike price of purchased call + net premium paid

NEUTRAL CALENDAR SPREAD Vs BULL CALL SPREAD - Risk & Reward

	NEUTRAL CALENDAR SPREAD	BULL CALL SPREAD
Maximum Profit Scenario	Maximum Profit Limited When underlying stock price remains unchanged on expiration of the near month options.	(Strike Price of Call 1 - Strike Price of Call 2) - Net Premium Paid
Maximum Loss Scenario	It occurs when the stock price goes down and stays down until expiration of the longer term options.	Net Premium Paid
Risk	Limited	Limited
Reward	Limited	Limited

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

	NEUTRAL CALENDAR SPREAD	BULL CALL SPREAD
Similar Strategies	Long Put Butterfly, Iron Butterfly	Collar
Disadvantage	• Lower profitability • Must have enough experience.	• Limited profit potential to the higher strike call sold if the underlying stock price rises. • Maximum profit only if stock rises to the higher of 2 strike prices selected.
Advantages	• Almost zero margin required. • Ability to profit from time decay, limited risk. • This strategy allows you to transform position into long position.	• Allows you to reduce risk and cost of your investment. • When placing the spread, exit strategy is pre-determined in advance. • Risk is limited to the net premium paid.