CALL BACKSPREAD	LONG CALL CONDOR SPREAD
About Strategy	Call Backspread Option Trading  This strategy is adopted by traders who are bullish in nature. He expects market and volatility to rise in the near future. A trader need not be direction specific here (i.e. an upward or downward trend, but a small bias towards an uptrend should always be present, as the gains will be much higher once the market moves up r 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..

CALL BACKSPREAD Vs LONG CALL CONDOR SPREAD - Details

	CALL BACKSPREAD	LONG CALL CONDOR SPREAD
Market View	Bullish	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	3	4
Strategy Level	Advance	Advance
Reward Profile	Unlimited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Lower breakeven = strike price of the short call, Upper breakeven = strike price of long calls + point of maximum loss	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

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

	CALL BACKSPREAD	LONG CALL CONDOR SPREAD
Market View	Bullish	Neutral
When to use?	This strategy is used when the investor expects the price of the stock to rise in the future.	This strategy works well when you expect the price of the underlying asset to be range bound in the coming days.
Action	Sell 1 ITM Call, BUY 2 OTM Call	Buy Deep ITM Call Option, Buy Deep OTM Call Option, Sell ITM Call Option, Sell OTM Call Option
Breakeven Point	Lower breakeven = strike price of the short call, Upper breakeven = strike price of long calls + point of maximum loss	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

CALL BACKSPREAD Vs LONG CALL CONDOR SPREAD - Risk & Reward

	CALL BACKSPREAD	LONG CALL CONDOR SPREAD
Maximum Profit Scenario	Unlimited profit potential if the stock goes in upward direction.	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid
Maximum Loss Scenario	Strike Price of long call - Strike Price of short call - Net premium received	Net Premium Paid
Risk	Limited	Limited
Reward	Unlimited	Limited

CALL BACKSPREAD Vs LONG CALL CONDOR SPREAD - Strategy Pros & Cons

	CALL BACKSPREAD	LONG CALL CONDOR SPREAD
Similar Strategies	-	Long Put Butterfly, Short Call Condor, Short Strangle
Disadvantage		• Amount of profit is comparatively low. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.
Advantages	• Unlimited profit potential.	• 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.