SYNTHETIC LONG CALL	IRON CONDORS
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..	Iron Condors Option Strategy Iron Condor is a neutral trading strategy. A trader tries to make profit from low volatility in the price of the underlying asset. This strategy will be better understood if you recall ‘Bull Put Spread’ & ‘Bear Call Spread’. A trader will buy one Deep OTM Put Option and sell one OTM Put Option,. He will also sell one OTM Call Option and buy one Deep OTM Call Option. .. Read more..

SYNTHETIC LONG CALL Vs IRON CONDORS - Details

	SYNTHETIC LONG CALL	IRON CONDORS
Market View	Bullish	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	2	4
Strategy Level	Beginners	Advance
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	Upper Breakeven Point = Strike Price of Short Call + Net Premium Received, Lower Breakeven Point = Strike Price of Short Put - Net Premium Received

SYNTHETIC LONG CALL Vs IRON CONDORS - When & How to use ?

	SYNTHETIC LONG CALL	IRON CONDORS
Market View	Bullish	Neutral
When to use?	A trader is bullish in nature for short term, but also fearful about the downside risk associated with it.	When a trader tries to make profit from low volatility in the price of the underlying asset.
Action	Buy 1 ATM Put or OTM Put	Sell 1 OTM Put, Buy 1 OTM Put (Lower Strike), Sell 1 OTM Call, Buy 1 OTM Call (Higher Strike)
Breakeven Point	Underlying Price + Put Premium	Upper Breakeven Point = Strike Price of Short Call + Net Premium Received, Lower Breakeven Point = Strike Price of Short Put - Net Premium Received

SYNTHETIC LONG CALL Vs IRON CONDORS - Risk & Reward

	SYNTHETIC LONG CALL	IRON CONDORS
Maximum Profit Scenario	Current Price - Purchase Price - Premium Paid	Net Premium Received - Commissions Paid
Maximum Loss Scenario	Premium Paid	Strike Price of Long Call - Strike Price of Short Call - Net Premium Received + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Limited

SYNTHETIC LONG CALL Vs IRON CONDORS - Strategy Pros & Cons

	SYNTHETIC LONG CALL	IRON CONDORS
Similar Strategies	Protective Put, Long Call	Long Put Butterfly, Neutral Calendar Spread
Disadvantage	•Chances of loss if the underlying goes down. •Incur losses if option is exercised.	• Full of risk. • Unlimited maximum loss.
Advantages	•Limited risk, unlimited profit. •Protection to your long-term holdings. • Limited loss to the to the premium paid for Put option.	• Chance to gather double premium. • Sure, maximum gains on one-half the trade. • Flexible and double leverage at half price.