LONG CALL CONDOR SPREAD	PROTECTIVE COLLAR
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..	Protective Collar Strategy This Strategy is implemented when the investor requires downside protection for the short - to medium term but at lower cost. Buying protective puts can be an expensive proposition and writing OTM calls can defray the cost of the puts quite substantially. Protective Collar is considered as bearish to neutral strategy. In this strategy risk and reward is both are limited. This .. Read more..

LONG CALL CONDOR SPREAD Vs PROTECTIVE COLLAR - Details

	LONG CALL CONDOR SPREAD	PROTECTIVE COLLAR
Market View	Neutral	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	4	2
Strategy Level	Advance	Beginners
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium	Purchase Price of Underlying + Net Premium Paid

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

	LONG CALL CONDOR SPREAD	PROTECTIVE COLLAR
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.	This Strategy is implemented when the investor requires downside protection for the short - to medium term but at lower cost.
Action	Buy Deep ITM Call Option, Buy Deep OTM Call Option, Sell ITM Call Option, Sell OTM Call Option	• Short 1 Call Option, • Long 1 Put Option
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium	Purchase Price of Underlying + Net Premium Paid

LONG CALL CONDOR SPREAD Vs PROTECTIVE COLLAR - Risk & Reward

	LONG CALL CONDOR SPREAD	PROTECTIVE COLLAR
Maximum Profit Scenario	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid	• Call strike - stock purchase price - net premium paid + net credit received
Maximum Loss Scenario	Net Premium Paid	• Stock purchase price - put strike - net premium paid - put strike + net credit received
Risk	Limited	Limited
Reward	Limited	Limited

LONG CALL CONDOR SPREAD Vs PROTECTIVE COLLAR - Strategy Pros & Cons

	LONG CALL CONDOR SPREAD	PROTECTIVE COLLAR
Similar Strategies	Long Put Butterfly, Short Call Condor, Short Strangle	Bull Put Spread, Bull Call Spread
Disadvantage	• Amount of profit is comparatively low. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.	• Potential profit is lower or limited.
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.	The Risk is limited.