LONG CALL CONDOR SPREAD	SYNTHETIC LONG 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..	Synthetic Long Call Option Strategy A trader is bullish in nature for short term, but also fearful about the downside risk associated with it. Here, a trader wants to hold an underlying asset either in physical form like in case of commodities or demat (electronic) form in case of stocks. But he is always exposed to downside risk and in order to mitigate his losses, .. Read more..

LONG CALL CONDOR SPREAD Vs SYNTHETIC LONG CALL - Details

	LONG CALL CONDOR SPREAD	SYNTHETIC LONG CALL
Market View	Neutral	Bullish
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	4	2
Strategy Level	Advance	Beginners
Reward Profile	Limited	When Price of Underlying > Purchase Price of Underlying + Premium Paid
Risk Profile	Limited	Limited (Maximum loss happens when the price of instrument move above from the strike price of put)
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium	Underlying Price + Put Premium

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

	LONG CALL CONDOR SPREAD	SYNTHETIC LONG CALL
Market View	Neutral	Bullish
When to use?	This strategy works well when you expect the price of the underlying asset to be range bound in the coming days.	A trader is bullish in nature for short term, but also fearful about the downside risk associated with it.
Action	Buy Deep ITM Call Option, Buy Deep OTM Call Option, Sell ITM Call Option, Sell OTM Call Option	Buy 1 ATM Put or OTM Put
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium	Underlying Price + Put Premium

LONG CALL CONDOR SPREAD Vs SYNTHETIC LONG CALL - Risk & Reward

	LONG CALL CONDOR SPREAD	SYNTHETIC LONG CALL
Maximum Profit Scenario	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid	Current Price - Purchase Price - Premium Paid
Maximum Loss Scenario	Net Premium Paid	Premium Paid
Risk	Limited	Limited
Reward	Limited	Unlimited

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

	LONG CALL CONDOR SPREAD	SYNTHETIC LONG CALL
Similar Strategies	Long Put Butterfly, Short Call Condor, Short Strangle	Protective Put, Long Call
Disadvantage	• Amount of profit is comparatively low. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.	•Chances of loss if the underlying goes down. •Incur losses if option is exercised.
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, unlimited profit. •Protection to your long-term holdings. • Limited loss to the to the premium paid for Put option.