NEUTRAL CALENDAR SPREAD	RATIO CALL WRITE
About Strategy	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..	Ratio Call Write Option Strategy  This strategy involves buying of an underlying asset in the cash/futures market and simultaneously selling ATM Calls double the number of long quantity. This strategy is used by a trader who is neutral on the market and bearish on the volatility in the near future. Here profits will be capped up to the premium amount and risk will be potentially unlimited. Read more..

NEUTRAL CALENDAR SPREAD Vs RATIO CALL WRITE - Details

	NEUTRAL CALENDAR SPREAD	RATIO CALL WRITE
Market View	Neutral	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	2	2
Strategy Level	Beginners	Beginners
Reward Profile	Limited	Limited
Risk Profile	Limited	Unlimited
Breakeven Point	-	Upper Breakeven Point = Strike Price of Short Calls + Points of Maximum Profit, Lower Breakeven Point = Strike Price of Short Calls - Points of Maximum Profit

NEUTRAL CALENDAR SPREAD Vs RATIO CALL WRITE - When & How to use ?

	NEUTRAL CALENDAR SPREAD	RATIO CALL WRITE
Market View	Neutral	Neutral
When to use?	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.	This strategy is used by a trader who is neutral on the market and bearish on the volatility in the near future.
Action	Sell 1 Near-Term ATM Call, Buy 1 Long-Term ATM Call	Sell 2 ATM Calls
Breakeven Point	-	Upper Breakeven Point = Strike Price of Short Calls + Points of Maximum Profit, Lower Breakeven Point = Strike Price of Short Calls - Points of Maximum Profit

NEUTRAL CALENDAR SPREAD Vs RATIO CALL WRITE - Risk & Reward

	NEUTRAL CALENDAR SPREAD	RATIO CALL WRITE
Maximum Profit Scenario	Maximum Profit Limited When underlying stock price remains unchanged on expiration of the near month options.	Net Premium Received - Commissions Paid
Maximum Loss Scenario	It occurs when the stock price goes down and stays down until expiration of the longer term options.	Price of Underlying - Strike Price of Short Call - Net Premium Received OR Purchase Price of Underlying - Price of Underlying - Net Premium Received + Commissions Paid
Risk	Limited	Unlimited
Reward	Limited	Limited

NEUTRAL CALENDAR SPREAD Vs RATIO CALL WRITE - Strategy Pros & Cons

	NEUTRAL CALENDAR SPREAD	RATIO CALL WRITE
Similar Strategies	Long Put Butterfly, Iron Butterfly	Variable Ratio Write
Disadvantage	• Lower profitability • Must have enough experience.	• Potential loss is higher than gain. • Limited profit.
Advantages	• Almost zero margin required. • Ability to profit from time decay, limited risk. • This strategy allows you to transform position into long position.