NEUTRAL CALENDAR SPREAD	SHORT PUT 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 Put Ladder Option Strategy  This strategy is implemented when a trader is slightly bearish on the market. A trader is required to be bullish over the volatility in the market. It involves sale of an ITM Put Option and buying of 1 ATM & 1 OTM Put Options. However, the risk associated with this strategy is limited. Read more..

NEUTRAL CALENDAR SPREAD Vs SHORT PUT LADDER - Details

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

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

	NEUTRAL CALENDAR SPREAD	SHORT PUT 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 slightly bearish on the market.
Action	Sell 1 Near-Term ATM Call, Buy 1 Long-Term ATM Call	Sell ITM Put Option, Buying 1 ATM & 1 OTM Put Option.
Breakeven Point	-	Upper Breakeven Point = Strike Price of Short Put - Net Premium Received Lower Breakeven Point = Total Strike Prices of Long Puts - Strike Price of Short Put + Net Premium Received

NEUTRAL CALENDAR SPREAD Vs SHORT PUT LADDER - Risk & Reward

	NEUTRAL CALENDAR SPREAD	SHORT PUT LADDER
Maximum Profit Scenario	Maximum Profit Limited When underlying stock price remains unchanged on expiration of the near month options.	When Price of Underlying < Total Strike Prices of Long Puts - Strike Price of Short Put + 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 Short Put - Strike Price of Higher Strike Long Put - Net Premium Received + Commissions Paid
Risk	Limited	Limited
Reward	Limited	Unlimited

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

	NEUTRAL CALENDAR SPREAD	SHORT PUT LADDER
Similar Strategies	Long Put Butterfly, Iron Butterfly	Strap, Strip
Disadvantage	• Lower profitability • Must have enough experience.	• Best to use when you are confident about movement of market. • Small 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.	• When there is surge in implied volatility, this strategy can give more profit. • Unlimited downside profit. • Limited risk and unlimited reward strategy.