LONG CALL CONDOR SPREAD	STRIP
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..	Strip Option Strategy Strip Strategy is the opposite of Strap Strategy. When a trader is bearish on the market and bullish on volatility then he will implement this strategy by buying two ATM Put Options & one ATM Call Option, of the same strike price, expiry date & underlying asset. If the prices move downwards then this strategy will make more profits compared to short straddle because of the .. Read more..

LONG CALL CONDOR SPREAD Vs STRIP - Details

	LONG CALL CONDOR SPREAD	STRIP
Market View	Neutral	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	4	3
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	Upper Breakeven Point = Strike Price of Calls/Puts + Net Premium Paid, Lower Breakeven Point = Strike Price of Calls/Puts - (Net Premium Paid/2)

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

	LONG CALL CONDOR SPREAD	STRIP
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.	When a trader is bearish on the market and bullish on volatility then he will implement this strategy.
Action	Buy Deep ITM Call Option, Buy Deep OTM Call Option, Sell ITM Call Option, Sell OTM Call Option	Buy 1 ATM Call, Buy 2 ATM Puts
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium	Upper Breakeven Point = Strike Price of Calls/Puts + Net Premium Paid, Lower Breakeven Point = Strike Price of Calls/Puts - (Net Premium Paid/2)

LONG CALL CONDOR SPREAD Vs STRIP - Risk & Reward

	LONG CALL CONDOR SPREAD	STRIP
Maximum Profit Scenario	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid	Price of Underlying - Strike Price of Calls - Net Premium Paid OR 2 x (Strike Price of Puts - Price of Underlying) - Net Premium Paid
Maximum Loss Scenario	Net Premium Paid	Net Premium Paid + Commissions Paid
Risk	Limited	Limited
Reward	Limited	Unlimited

LONG CALL CONDOR SPREAD Vs STRIP - Strategy Pros & Cons

	LONG CALL CONDOR SPREAD	STRIP
Similar Strategies	Long Put Butterfly, Short Call Condor, Short Strangle	Strap, Short Put Ladder
Disadvantage	• Amount of profit is comparatively low. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.	Expensive., The share price must change significantly to generate profit., High Bid/Offer spread can have a negative influence on the position.
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.	Profit is generated when the share price changes in any direction., Limited loss., The profit is potentially unlimited when share prices are moving.