DIAGONAL BULL CALL SPREAD	STRIP
About Strategy	Diagonal Bull Call Spread Option Strategy This strategy is implemented by a trader when he is neutral – moderately bullish in the near-month contract and bullish in the mid-month contract. It involves sale of 1 Near-Month OTM Call Option and buying of 1 Mid Month ITM Call Option. Risk: Read more..	Strip Option Strategy Strip Strategy is the opposite of Strap Strategy. When a trader is bearish on the market and bullish on volatility then he will implement this strategy by buying two ATM Put Options & one ATM Call Option, of the same strike price, expiry date & underlying asset. If the prices move downwards then this strategy will make more profits compared to short straddle because of the .. Read more..

DIAGONAL BULL CALL SPREAD Vs STRIP - Details

	DIAGONAL BULL CALL SPREAD	STRIP
Market View	Bullish	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	2	3
Strategy Level	Beginners	Beginners
Reward Profile	Limited	Unlimited
Risk Profile	Limited	Limited
Breakeven Point		Upper Breakeven Point = Strike Price of Calls/Puts + Net Premium Paid, Lower Breakeven Point = Strike Price of Calls/Puts - (Net Premium Paid/2)

DIAGONAL BULL CALL SPREAD Vs STRIP - When & How to use ?

	DIAGONAL BULL CALL SPREAD	STRIP
Market View	Bullish	Neutral
When to use?		When a trader is bearish on the market and bullish on volatility then he will implement this strategy.
Action	Buy 1 Long-Term ITM Call Sell 1 Near-Term OTM Call	Buy 1 ATM Call, Buy 2 ATM Puts
Breakeven Point		Upper Breakeven Point = Strike Price of Calls/Puts + Net Premium Paid, Lower Breakeven Point = Strike Price of Calls/Puts - (Net Premium Paid/2)

DIAGONAL BULL CALL SPREAD Vs STRIP - Risk & Reward

	DIAGONAL BULL CALL SPREAD	STRIP
Maximum Profit Scenario		Price of Underlying - Strike Price of Calls - Net Premium Paid OR 2 x (Strike Price of Puts - Price of Underlying) - Net Premium Paid
Maximum Loss Scenario		Net Premium Paid + Commissions Paid
Risk	Limited	Limited
Reward	Limited	Unlimited

DIAGONAL BULL CALL SPREAD Vs STRIP - Strategy Pros & Cons

	DIAGONAL BULL CALL SPREAD	STRIP
Similar Strategies	Bull Put Spread	Strap, Short Put Ladder
Disadvantage		Expensive., The share price must change significantly to generate profit., High Bid/Offer spread can have a negative influence on the position.
Advantages		Profit is generated when the share price changes in any direction., Limited loss., The profit is potentially unlimited when share prices are moving.