SYNTHETIC LONG CALL	BULL CALENDER SPREAD
About Strategy	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..	Bull Calendar Spread Option Strategy This strategy is implemented when a trader is bullish on the underlying stock/index in the short term say 2 months or so. A trader will write one Near Month OTM Call Option and buy one next Month OTM Call Option, thereby reducing the cost of purchase, with the same strike price of the same underlying asset. This strategy is used when a trader wants to make prof .. Read more..

SYNTHETIC LONG CALL Vs BULL CALENDER SPREAD - Details

	SYNTHETIC LONG CALL	BULL CALENDER SPREAD
Market View	Bullish	Bullish
Type (CE/PE)	CE (Call Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	2	2
Strategy Level	Beginners	Beginners
Reward Profile	When Price of Underlying > Purchase Price of Underlying + Premium Paid	Unlimited
Risk Profile	Limited (Maximum loss happens when the price of instrument move above from the strike price of put)	Limited
Breakeven Point	Underlying Price + Put Premium	Stock Price when long call value is equal to net debit.

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

	SYNTHETIC LONG CALL	BULL CALENDER SPREAD
Market View	Bullish	Bullish
When to use?	A trader is bullish in nature for short term, but also fearful about the downside risk associated with it.	This strategy is used when a trader wants to make profit from a steady increase in the stock price over a short period of time.
Action	Buy 1 ATM Put or OTM Put	Sell 1 Near-Term OTM Call, Buy 1 Long-Term OTM Call
Breakeven Point	Underlying Price + Put Premium	Stock Price when long call value is equal to net debit.

SYNTHETIC LONG CALL Vs BULL CALENDER SPREAD - Risk & Reward

	SYNTHETIC LONG CALL	BULL CALENDER SPREAD
Maximum Profit Scenario	Current Price - Purchase Price - Premium Paid	You have unlimited profit potential to the upside.
Maximum Loss Scenario	Premium Paid	Max Loss = Premium Paid + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Unlimited

SYNTHETIC LONG CALL Vs BULL CALENDER SPREAD - Strategy Pros & Cons

	SYNTHETIC LONG CALL	BULL CALENDER SPREAD
Similar Strategies	Protective Put, Long Call	The Collar, Bull Put Spread
Disadvantage	•Chances of loss if the underlying goes down. •Incur losses if option is exercised.	• Limited profit even if underlying asset rallies. • If the short call options are assigned when the underlying asset rallies then losses can be sustained.
Advantages	•Limited risk, unlimited profit. •Protection to your long-term holdings. • Limited loss to the to the premium paid for Put option.	• Limited losses to the net debit. • Enable trader to book profit even if underlying asset stays stagnant. • If the market trends reverse, cashing in from stock price movement at limited risk.