LONG CALL CONDOR SPREAD	NEUTRAL CALENDAR SPREAD
About Strategy	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..	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..

LONG CALL CONDOR SPREAD Vs NEUTRAL CALENDAR SPREAD - Details

	LONG CALL CONDOR SPREAD	NEUTRAL CALENDAR SPREAD
Market View	Neutral	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	4	2
Strategy Level	Advance	Beginners
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium	-

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

	LONG CALL CONDOR SPREAD	NEUTRAL CALENDAR SPREAD
Market View	Neutral	Neutral
When to use?	This strategy works well when you expect the price of the underlying asset to be range bound in the coming days.	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.
Action	Buy Deep ITM Call Option, Buy Deep OTM Call Option, Sell ITM Call Option, Sell OTM Call Option	Sell 1 Near-Term ATM Call, Buy 1 Long-Term ATM Call
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium	-

LONG CALL CONDOR SPREAD Vs NEUTRAL CALENDAR SPREAD - Risk & Reward

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

LONG CALL CONDOR SPREAD Vs NEUTRAL CALENDAR SPREAD - Strategy Pros & Cons

	LONG CALL CONDOR SPREAD	NEUTRAL CALENDAR SPREAD
Similar Strategies	Long Put Butterfly, Short Call Condor, Short Strangle	Long Put Butterfly, Iron Butterfly
Disadvantage	• Amount of profit is comparatively low. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.	• Lower profitability • Must have enough experience.
Advantages	• 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.	• Almost zero margin required. • Ability to profit from time decay, limited risk. • This strategy allows you to transform position into long position.