LONG CALL CONDOR SPREAD	PROTECTIVE CALL
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..	Protective Call Option Strategy This strategy is simply the reversal of the Synthetic Call Strategy. This strategy is implemented when a trader is bearish on the market and expects to go down. Trader will short underlying stock in the cash market and buy either an ATM Call Option or OTM Call Option. The Call Option is bought to protect / hedge the upside risk on the short position. The .. Read more..

LONG CALL CONDOR SPREAD Vs PROTECTIVE CALL - Details

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

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

	LONG CALL CONDOR SPREAD	PROTECTIVE CALL
Market View	Neutral	Bearish
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 when a trader is bearish on the market and expects to go down.
Action	Buy Deep ITM Call Option, Buy Deep OTM Call Option, Sell ITM Call Option, Sell OTM Call Option	Buy 1 ATM Call
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium	Sale Price of Underlying + Premium Paid

LONG CALL CONDOR SPREAD Vs PROTECTIVE CALL - Risk & Reward

	LONG CALL CONDOR SPREAD	PROTECTIVE CALL
Maximum Profit Scenario	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid	Sale Price of Underlying - Price of Underlying - Premium Paid
Maximum Loss Scenario	Net Premium Paid	Premium Paid + Call Strike Price - Sale Price of Underlying + Commissions Paid
Risk	Limited	Limited
Reward	Limited	Unlimited

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

	LONG CALL CONDOR SPREAD	PROTECTIVE CALL
Similar Strategies	Long Put Butterfly, Short Call Condor, Short Strangle	Put Backspread, Long Put
Disadvantage	• Amount of profit is comparatively low. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.	• Profitable when market moves as expected. • Not good for beginners.
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.	• Limited risk if the market moves in opposite direction as expected. • Allows you to keep open a profitable position to make further profits. • Unlimited profit potential.