SHORT CALL BUTTERFLY	LONG CALL CONDOR SPREAD
About Strategy	Short Call Butterfly Option Strategy This strategy is opposite of the Long Call Butterfly Strategy, a trader expects the market to remain range bound in Long Call Butterfly, but here he expects the market to move beyond strike boundaries in Short Call Butterfly. If the trader is bullish on the market’s volatility, he will implement this strategy. Here also there should be equal distance between the Read more..	Long Call Condor Spread Option Strategy  This strategy is implemented when a trader is bearish on the volatility and expects the market to move sideways. Using Call Options of the same expiry date, he will buy one Deep ITM Call Option, sell 1 ITM Call Option, sell 1 OTM Call Option, buy 1 Deep OTM Call Option. The risk and reward both are limited due to offsetting of long and short positions. For t .. Read more..

SHORT CALL BUTTERFLY Vs LONG CALL CONDOR SPREAD - Details

	SHORT CALL BUTTERFLY	LONG CALL CONDOR SPREAD
Market View	Neutral	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	4	4
Strategy Level	Advance	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Lower Break-even = Lower Strike Price + Net Premium, Upper Break-even = Higher Strike Price - Net Premium	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

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

	SHORT CALL BUTTERFLY	LONG CALL CONDOR SPREAD
Market View	Neutral	Neutral
When to use?	This strategy is meant for special scenarios where you foresee a lot of volatility in the market due to election results, budget, policy change, annual result announcements etc.	This strategy works well when you expect the price of the underlying asset to be range bound in the coming days.
Action	Buy 2 ATM Call, Sell 1 ITM Call, Sell 1 OTM Call	Buy Deep ITM Call Option, Buy Deep OTM Call Option, Sell ITM Call Option, Sell OTM Call Option
Breakeven Point	Lower Break-even = Lower Strike Price + Net Premium, Upper Break-even = Higher Strike Price - Net Premium	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

SHORT CALL BUTTERFLY Vs LONG CALL CONDOR SPREAD - Risk & Reward

	SHORT CALL BUTTERFLY	LONG CALL CONDOR SPREAD
Maximum Profit Scenario	The profit is limited to the net premium received.	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid
Maximum Loss Scenario	Higher strike price- Lower Strike Price - Net Premium	Net Premium Paid
Risk	Limited	Limited
Reward	Limited	Limited

SHORT CALL BUTTERFLY Vs LONG CALL CONDOR SPREAD - Strategy Pros & Cons

	SHORT CALL BUTTERFLY	LONG CALL CONDOR SPREAD
Similar Strategies	Long Straddle, Long Call Butterfly	Long Put Butterfly, Short Call Condor, Short Strangle
Disadvantage	• Limited rewards, usually offer smaller return. • Profitability depends on the significant movement of stocks and options prices.	• Amount of profit is comparatively low. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.
Advantages	• Even if the market is highly volatile, the risk exposure remains limited. • Without any extra investment, you can receive your premium. • Able to book profits even when the price movement cannot be predicted.	• Capable to generate profit even if there is low volatility in the market. • This strategy is associated with limited risk and limited profit. • Wider profit zone.