SYNTHETIC LONG CALL	DIAGONAL BULL CALL 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..	Diagonal Bull Call Spread Option Strategy This strategy is implemented by a trader when he is neutral – moderately bullish in the near-month contract and bullish in the mid-month contract. It involves sale of 1 Near-Month OTM Call Option and buying of 1 Mid Month ITM Call Option. Risk: Read more..

SYNTHETIC LONG CALL Vs DIAGONAL BULL CALL SPREAD - Details

	SYNTHETIC LONG CALL	DIAGONAL BULL CALL SPREAD
Market View	Bullish	Bullish
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	2	2
Strategy Level	Beginners	Beginners
Reward Profile	When Price of Underlying > Purchase Price of Underlying + Premium Paid	Limited
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

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

	SYNTHETIC LONG CALL	DIAGONAL BULL CALL 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.
Action	Buy 1 ATM Put or OTM Put	Buy 1 Long-Term ITM Call Sell 1 Near-Term OTM Call
Breakeven Point	Underlying Price + Put Premium

SYNTHETIC LONG CALL Vs DIAGONAL BULL CALL SPREAD - Risk & Reward

	SYNTHETIC LONG CALL	DIAGONAL BULL CALL SPREAD
Maximum Profit Scenario	Current Price - Purchase Price - Premium Paid
Maximum Loss Scenario	Premium Paid
Risk	Limited	Limited
Reward	Unlimited	Limited

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

	SYNTHETIC LONG CALL	DIAGONAL BULL CALL SPREAD
Similar Strategies	Protective Put, Long Call	Bull Put Spread
Disadvantage	•Chances of loss if the underlying goes down. •Incur losses if option is exercised.
Advantages	•Limited risk, unlimited profit. •Protection to your long-term holdings. • Limited loss to the to the premium paid for Put option.