BULL PUT SPREAD	CHRISTMAS TREE SPREAD WITH PUT OPTION
About Strategy	Bull Put Spread Option Strategy Bull Put Spread option trading strategy is used by a trader who is bullish in nature and expects the underlying asset to move in an upward trend in the near future. This strategy includes buying of an ‘Out of the Money’ Put Option and selling of ‘In the Money’ Put Option of the same underlying asset and the same expiration date. When you write a Put, you will receive prem Read more..	Christmas Tree Spread with Puts Option Strategy This Strategy is an advance option strategy that consists of three legs and six total options. In this strategy buying one put at strike price D, skipping strike price C, writes three calls at strike price B, and buying two calls at strike price A for same expiration dates for neutral to bearish forecast. An investor used this strategy to potential returns .. Read more..

BULL PUT SPREAD Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - Details

	BULL PUT SPREAD	CHRISTMAS TREE SPREAD WITH PUT OPTION
Market View	Bullish	Bearish
Type (CE/PE)	PE (Put Option)	CE (Call Option)
Number Of Positions	2	6
Strategy Level	Advance	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Strike price of short put - net premium paid	Lowest strike prices + the half premium – premium paid

BULL PUT SPREAD Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - When & How to use ?

	BULL PUT SPREAD	CHRISTMAS TREE SPREAD WITH PUT OPTION
Market View	Bullish	Bearish
When to use?	Bull Put Spread strategy is used when you're of the view that the price of a particular underlying will rise, move sideways, or marginally fall.	This Strategy is used when an investor wants potential returns.
Action	Buy OTM Put Option, Sell ITM Put Option	Buying one ATM, Selling 3 Puts, Buying one more OTM Put
Breakeven Point	Strike price of short put - net premium paid	Lowest strike prices + the half premium – premium paid

BULL PUT SPREAD Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - Risk & Reward

	BULL PUT SPREAD	CHRISTMAS TREE SPREAD WITH PUT OPTION
Maximum Profit Scenario	Max Profit = Net Premium Received	Equal middle strike price – higher strike price – the premium
Maximum Loss Scenario	Max Loss = (Strike Price Put 1 - Strike Price of Put 2) - Net Premium Received	Net Debit paid for the strategy.
Risk	Limited	Limited
Reward	Limited	Limited

BULL PUT SPREAD Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - Strategy Pros & Cons

	BULL PUT SPREAD	CHRISTMAS TREE SPREAD WITH PUT OPTION
Similar Strategies	Bull Call Spread, Bear Put Spread, Collar	Butterfly spreads
Disadvantage	• Limited profit potential. • In loss situations, time decay may go against you.	• Potential profit is lower or limited.
Advantages	• Benefit from the time decay in profit positions but harmful in loss positions. • Profitable when underlying stock price rises, move sideways or marginal drop. • Reduce the downside risk.	• The potential of loss is limited.