IRON CONDORS	CHRISTMAS TREE SPREAD WITH PUT OPTION
About Strategy	Iron Condors Option Strategy Iron Condor is a neutral trading strategy. A trader tries to make profit from low volatility in the price of the underlying asset. This strategy will be better understood if you recall ‘Bull Put Spread’ & ‘Bear Call Spread’. A trader will buy one Deep OTM Put Option and sell one OTM Put Option,. He will also sell one OTM Call Option and buy one Deep OTM Call Option. Read more..	Christmas Tree Spread with Puts Option Strategy This Strategy is an advance option strategy that consists of three legs and six total options. In this strategy buying one put at strike price D, skipping strike price C, writes three calls at strike price B, and buying two calls at strike price A for same expiration dates for neutral to bearish forecast. An investor used this strategy to potential returns .. Read more..

IRON CONDORS Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - Details

	IRON CONDORS	CHRISTMAS TREE SPREAD WITH PUT OPTION
Market View	Neutral	Bearish
Type (CE/PE)	CE (Call Option) + PE (Put Option)	CE (Call Option)
Number Of Positions	4	6
Strategy Level	Advance	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Upper Breakeven Point = Strike Price of Short Call + Net Premium Received, Lower Breakeven Point = Strike Price of Short Put - Net Premium Received	Lowest strike prices + the half premium – premium paid

IRON CONDORS Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - When & How to use ?

	IRON CONDORS	CHRISTMAS TREE SPREAD WITH PUT OPTION
Market View	Neutral	Bearish
When to use?	When a trader tries to make profit from low volatility in the price of the underlying asset.	This Strategy is used when an investor wants potential returns.
Action	Sell 1 OTM Put, Buy 1 OTM Put (Lower Strike), Sell 1 OTM Call, Buy 1 OTM Call (Higher Strike)	Buying one ATM, Selling 3 Puts, Buying one more OTM Put
Breakeven Point	Upper Breakeven Point = Strike Price of Short Call + Net Premium Received, Lower Breakeven Point = Strike Price of Short Put - Net Premium Received	Lowest strike prices + the half premium – premium paid

IRON CONDORS Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - Risk & Reward

	IRON CONDORS	CHRISTMAS TREE SPREAD WITH PUT OPTION
Maximum Profit Scenario	Net Premium Received - Commissions Paid	Equal middle strike price – higher strike price – the premium
Maximum Loss Scenario	Strike Price of Long Call - Strike Price of Short Call - Net Premium Received + Commissions Paid	Net Debit paid for the strategy.
Risk	Limited	Limited
Reward	Limited	Limited

IRON CONDORS Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - Strategy Pros & Cons

	IRON CONDORS	CHRISTMAS TREE SPREAD WITH PUT OPTION
Similar Strategies	Long Put Butterfly, Neutral Calendar Spread	Butterfly spreads
Disadvantage	• Full of risk. • Unlimited maximum loss.	• Potential profit is lower or limited.
Advantages	• Chance to gather double premium. • Sure, maximum gains on one-half the trade. • Flexible and double leverage at half price.	• The potential of loss is limited.