DIAGONAL BULL CALL SPREAD	NEUTRAL CALENDAR SPREAD
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..	Neutral Calendar Spread Option strategy  This strategy is implemented if the trader is neutral in the near future for say 2 months or so. This strategy involves writing of Near Month 1 ATM Call Option and buying 1 Mid Month ATM Call Option, hence reducing the cost of purchase, with the same strike price of the same underlying asset. This strategy is used when the trader wants to make money from the .. Read more..

DIAGONAL BULL CALL SPREAD Vs NEUTRAL CALENDAR SPREAD - Details

	DIAGONAL BULL CALL SPREAD	NEUTRAL CALENDAR SPREAD
Market View	Bullish	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	2	2
Strategy Level	Beginners	Beginners
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point		-

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

	DIAGONAL BULL CALL SPREAD	NEUTRAL CALENDAR SPREAD
Market View	Bullish	Neutral
When to use?		This strategy is implemented if the trader is neutral in the near future for say 2 months or so. This strategy involves writing of Near Month 1 ATM Call Option and buying 1 Mid Month ATM Call Option.
Action	Buy 1 Long-Term ITM Call Sell 1 Near-Term OTM Call	Sell 1 Near-Term ATM Call, Buy 1 Long-Term ATM Call
Breakeven Point		-

DIAGONAL BULL CALL SPREAD Vs NEUTRAL CALENDAR SPREAD - Risk & Reward

	DIAGONAL BULL CALL SPREAD	NEUTRAL CALENDAR SPREAD
Maximum Profit Scenario		Maximum Profit Limited When underlying stock price remains unchanged on expiration of the near month options.
Maximum Loss Scenario		It occurs when the stock price goes down and stays down until expiration of the longer term options.
Risk	Limited	Limited
Reward	Limited	Limited

DIAGONAL BULL CALL SPREAD Vs NEUTRAL CALENDAR SPREAD - Strategy Pros & Cons

	DIAGONAL BULL CALL SPREAD	NEUTRAL CALENDAR SPREAD
Similar Strategies	Bull Put Spread	Long Put Butterfly, Iron Butterfly
Disadvantage		• Lower profitability • Must have enough experience.
Advantages		• Almost zero margin required. • Ability to profit from time decay, limited risk. • This strategy allows you to transform position into long position.