SHORT PUT	LONG CALL CONDOR SPREAD
About Strategy	Short Put Option Strategy A trader will short put if he is bullish in nature and expects the underlying asset not to fall below a certain level. Risk: Losses will be potentially unlimited if the stock skyrockets above the strike price of put. 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..

SHORT PUT Vs LONG CALL CONDOR SPREAD - Details

	SHORT PUT	LONG CALL CONDOR SPREAD
Market View	Bullish	Neutral
Type (CE/PE)	PE (Put Option)	CE (Call Option)
Number Of Positions	1	4
Strategy Level	Beginners	Advance
Reward Profile	Limited	Limited
Risk Profile	Unlimited	Limited
Breakeven Point	Strike Price - Premium	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

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

	SHORT PUT	LONG CALL CONDOR SPREAD
Market View	Bullish	Neutral
When to use?	This strategy works well when you're Bullish that the price of the underlying will not fall beyond a certain level.	This strategy works well when you expect the price of the underlying asset to be range bound in the coming days.
Action	Sell Put Option	Buy Deep ITM Call Option, Buy Deep OTM Call Option, Sell ITM Call Option, Sell OTM Call Option
Breakeven Point	Strike Price - Premium	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

SHORT PUT Vs LONG CALL CONDOR SPREAD - Risk & Reward

	SHORT PUT	LONG CALL CONDOR SPREAD
Maximum Profit Scenario	Premium received in your account when you sell the Put Option.	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid
Maximum Loss Scenario	Unlimited (When the price of the underlying falls.)	Net Premium Paid
Risk	Unlimited	Limited
Reward	Limited	Limited

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

	SHORT PUT	LONG CALL CONDOR SPREAD
Similar Strategies	Bull Put Spread, Short Starddle	Long Put Butterfly, Short Call Condor, Short Strangle
Disadvantage	• Unlimited risk. • Huge losses if the price of the underlying stock falls steeply.	• 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 time decay. • Less capital required than buying the stock outright. • Profit when underlying stock price rise, move sideways or drop by a relatively small account.	• 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.