SYNTHETIC LONG CALL	SHORT CALL LADDER
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..	Short Call Ladder Option Strategy  This strategy is implemented when a trader is moderately bullish on the market, and volatility. It involves sale of an ITM Call Option, buying of an ATM Call Option & OTM Call Option. The risk associated with the strategy is limited. Risk: Read more..

SYNTHETIC LONG CALL Vs SHORT CALL LADDER - Details

	SYNTHETIC LONG CALL	SHORT CALL LADDER
Market View	Bullish	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	2	3
Strategy Level	Beginners	Advance
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	Upper Breakeven Point = Total Strike Prices of Long Calls - Strike Price of Short Call + Net Premium Received Lower Breakeven Point = Strike Price of Short Call - Net Premium Received

SYNTHETIC LONG CALL Vs SHORT CALL LADDER - When & How to use ?

	SYNTHETIC LONG CALL	SHORT CALL LADDER
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.	This strategy is implemented when a trader is moderately bullish on the market, and volatility
Action	Buy 1 ATM Put or OTM Put	Sell 1 ITM Call, Buy 1 ATM Call, Buy 1 OTM Call
Breakeven Point	Underlying Price + Put Premium	Upper Breakeven Point = Total Strike Prices of Long Calls - Strike Price of Short Call + Net Premium Received Lower Breakeven Point = Strike Price of Short Call - Net Premium Received

SYNTHETIC LONG CALL Vs SHORT CALL LADDER - Risk & Reward

	SYNTHETIC LONG CALL	SHORT CALL LADDER
Maximum Profit Scenario	Current Price - Purchase Price - Premium Paid	Profit Achieved When Price of Underlying > Total Strike Prices of Long Calls - Strike Price of Short Call + Net Premium Received
Maximum Loss Scenario	Premium Paid	Strike Price of Lower Strike Long Call - Strike Price of Short Call - Net Premium Received + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Unlimited

SYNTHETIC LONG CALL Vs SHORT CALL LADDER - Strategy Pros & Cons

	SYNTHETIC LONG CALL	SHORT CALL LADDER
Similar Strategies	Protective Put, Long Call	Short Put Ladder, Strip, Strap
Disadvantage	•Chances of loss if the underlying goes down. •Incur losses if option is exercised.	• Unlimited risk. • Margin required.
Advantages	•Limited risk, unlimited profit. •Protection to your long-term holdings. • Limited loss to the to the premium paid for Put option.	• Higher probability of profit. • Unlimited upside profit. • Limited maximum loss.