NEUTRAL CALENDAR SPREAD	SHORT CALL LADDER
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..	Short Call Ladder Option Strategy  This strategy is implemented when a trader is moderately bullish on the market, and volatility. It involves sale of an ITM Call Option, buying of an ATM Call Option & OTM Call Option. The risk associated with the strategy is limited. Risk: Read more..

NEUTRAL CALENDAR SPREAD Vs SHORT CALL LADDER - Details

	NEUTRAL CALENDAR SPREAD	SHORT CALL LADDER
Market View	Neutral	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	2	3
Strategy Level	Beginners	Advance
Reward Profile	Limited	Unlimited
Risk Profile	Limited	Limited
Breakeven Point	-	Upper Breakeven Point = Total Strike Prices of Long Calls - Strike Price of Short Call + Net Premium Received Lower Breakeven Point = Strike Price of Short Call - Net Premium Received

NEUTRAL CALENDAR SPREAD Vs SHORT CALL LADDER - When & How to use ?

	NEUTRAL CALENDAR SPREAD	SHORT CALL LADDER
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 implemented when a trader is moderately bullish on the market, and volatility
Action	Sell 1 Near-Term ATM Call, Buy 1 Long-Term ATM Call	Sell 1 ITM Call, Buy 1 ATM Call, Buy 1 OTM Call
Breakeven Point	-	Upper Breakeven Point = Total Strike Prices of Long Calls - Strike Price of Short Call + Net Premium Received Lower Breakeven Point = Strike Price of Short Call - Net Premium Received

NEUTRAL CALENDAR SPREAD Vs SHORT CALL LADDER - Risk & Reward

	NEUTRAL CALENDAR SPREAD	SHORT CALL LADDER
Maximum Profit Scenario	Maximum Profit Limited When underlying stock price remains unchanged on expiration of the near month options.	Profit Achieved When Price of Underlying > Total Strike Prices of Long Calls - Strike Price of Short Call + Net Premium Received
Maximum Loss Scenario	It occurs when the stock price goes down and stays down until expiration of the longer term options.	Strike Price of Lower Strike Long Call - Strike Price of Short Call - Net Premium Received + Commissions Paid
Risk	Limited	Limited
Reward	Limited	Unlimited

NEUTRAL CALENDAR SPREAD Vs SHORT CALL LADDER - Strategy Pros & Cons

	NEUTRAL CALENDAR SPREAD	SHORT CALL LADDER
Similar Strategies	Long Put Butterfly, Iron Butterfly	Short Put Ladder, Strip, Strap
Disadvantage	• Lower profitability • Must have enough experience.	• Unlimited risk. • Margin required.
Advantages	• Almost zero margin required. • Ability to profit from time decay, limited risk. • This strategy allows you to transform position into long position.	• Higher probability of profit. • Unlimited upside profit. • Limited maximum loss.