SHORT PUT	SHORT CALL CONDOR SPREAD
About Strategy	Short Put Option Strategy A trader will short put if he is bullish in nature and expects the underlying asset not to fall below a certain level. Risk: Losses will be potentially unlimited if the stock skyrockets above the strike price of put. Read more..	Short Call Condor Spread Option Strategy Short Call Condor Spread is the opposite of Long Call Condor Spread i.e. sell 1 Deep ITM Call Option, buy 1 ITM Call Option, buy 1 OTM Call Option, sell 1 Deep OTM Call Option. Similar to Long Call Condor, the risk and rewards associated with this strategy are limited. Credit is received at the time of entering into this strategy. Read more..

SHORT PUT Vs SHORT CALL CONDOR SPREAD - Details

	SHORT PUT	SHORT CALL CONDOR SPREAD
Market View	Bullish	Volatile
Type (CE/PE)	PE (Put Option)	CE (Call Option)
Number Of Positions	1	4
Strategy Level	Beginners	Advance
Reward Profile	Limited	Limited
Risk Profile	Unlimited	Limited
Breakeven Point	Strike Price - Premium	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium

SHORT PUT Vs SHORT CALL CONDOR SPREAD - When & How to use ?

	SHORT PUT	SHORT CALL CONDOR SPREAD
Market View	Bullish	Volatile
When to use?	This strategy works well when you're Bullish that the price of the underlying will not fall beyond a certain level.	This strategy is used when an investor expect the price of the underlying stock to be very volatile.
Action	Sell Put Option	Buy ITM Call Option + Buy OTM Call Option + Sell Deep OTM Call Option + Sell Deep ITM Call Option
Breakeven Point	Strike Price - Premium	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium

SHORT PUT Vs SHORT CALL CONDOR SPREAD - Risk & Reward

	SHORT PUT	SHORT CALL CONDOR SPREAD
Maximum Profit Scenario	Premium received in your account when you sell the Put Option.	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid
Maximum Loss Scenario	Unlimited (When the price of the underlying falls.)	Strike Price of Lower Strike Long Call - Strike Price of Lower Strike Short Call - Net Premium Received + Commissions Paid
Risk	Unlimited	Limited
Reward	Limited	Limited

SHORT PUT Vs SHORT CALL CONDOR SPREAD - Strategy Pros & Cons

	SHORT PUT	SHORT CALL CONDOR SPREAD
Similar Strategies	Bull Put Spread, Short Starddle	Short Strangle
Disadvantage	• Unlimited risk. • Huge losses if the price of the underlying stock falls steeply.	• Amount of profit is low in comparison with other strategies. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.
Advantages	• Benefit from time decay. • Less capital required than buying the stock outright. • Profit when underlying stock price rise, move sideways or drop by a relatively small account.	• This strategy allows you to profit from highly volatile underlying assets moving in any direction. • Earn profit with little or no investment. • Wider profit zone.