BULL PUT SPREAD	IRON CONDORS
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..	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..

BULL PUT SPREAD Vs IRON CONDORS - Details

	BULL PUT SPREAD	IRON CONDORS
Market View	Bullish	Neutral
Type (CE/PE)	PE (Put Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	2	4
Strategy Level	Advance	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Strike price of short put - net premium paid	Upper Breakeven Point = Strike Price of Short Call + Net Premium Received, Lower Breakeven Point = Strike Price of Short Put - Net Premium Received

BULL PUT SPREAD Vs IRON CONDORS - When & How to use ?

	BULL PUT SPREAD	IRON CONDORS
Market View	Bullish	Neutral
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.	When a trader tries to make profit from low volatility in the price of the underlying asset.
Action	Buy OTM Put Option, Sell ITM Put Option	Sell 1 OTM Put, Buy 1 OTM Put (Lower Strike), Sell 1 OTM Call, Buy 1 OTM Call (Higher Strike)
Breakeven Point	Strike price of short put - net premium paid	Upper Breakeven Point = Strike Price of Short Call + Net Premium Received, Lower Breakeven Point = Strike Price of Short Put - Net Premium Received

BULL PUT SPREAD Vs IRON CONDORS - Risk & Reward

	BULL PUT SPREAD	IRON CONDORS
Maximum Profit Scenario	Max Profit = Net Premium Received	Net Premium Received - Commissions Paid
Maximum Loss Scenario	Max Loss = (Strike Price Put 1 - Strike Price of Put 2) - Net Premium Received	Strike Price of Long Call - Strike Price of Short Call - Net Premium Received + Commissions Paid
Risk	Limited	Limited
Reward	Limited	Limited

BULL PUT SPREAD Vs IRON CONDORS - Strategy Pros & Cons

	BULL PUT SPREAD	IRON CONDORS
Similar Strategies	Bull Call Spread, Bear Put Spread, Collar	Long Put Butterfly, Neutral Calendar Spread
Disadvantage	• Limited profit potential. • In loss situations, time decay may go against you.	• Full of risk. • Unlimited maximum loss.
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.	• Chance to gather double premium. • Sure, maximum gains on one-half the trade. • Flexible and double leverage at half price.