DIAGONAL BULL CALL SPREAD	RATIO PUT 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..	Ratio Put Spread Option Strategy  This strategy involves buying ITM Puts and simultaneously selling OTM Puts, double the number of ITM Puts. This strategy is used by a trader who is neutral on the market and bearish on the volatility in the near future. Here profits will be capped up to the premium amount and risk will be potentially unlimited. Read more..

DIAGONAL BULL CALL SPREAD Vs RATIO PUT SPREAD - Details

	DIAGONAL BULL CALL SPREAD	RATIO PUT SPREAD
Market View	Bullish	Neutral
Type (CE/PE)	CE (Call Option)	PE (Put Option)
Number Of Positions	2	3
Strategy Level	Beginners	Beginners
Reward Profile	Limited	Limited
Risk Profile	Limited	Unlimited
Breakeven Point		Upper Breakeven Point = Strike Price of Long Put +/- Net Premium Received or Paid, Lower Breakeven Point = Strike Price of Short Puts - (Points of Maximum Profit / Number of Uncovered Puts)

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

	DIAGONAL BULL CALL SPREAD	RATIO PUT SPREAD
Market View	Bullish	Neutral
When to use?		This strategy is used by a trader who is neutral on the market and bearish on the volatility in the near future.
Action	Buy 1 Long-Term ITM Call Sell 1 Near-Term OTM Call	Buy 1 ITM Put, Sell 2 OTM Puts
Breakeven Point		Upper Breakeven Point = Strike Price of Long Put +/- Net Premium Received or Paid, Lower Breakeven Point = Strike Price of Short Puts - (Points of Maximum Profit / Number of Uncovered Puts)

DIAGONAL BULL CALL SPREAD Vs RATIO PUT SPREAD - Risk & Reward

	DIAGONAL BULL CALL SPREAD	RATIO PUT SPREAD
Maximum Profit Scenario		Strike Price of Long Put - Strike Price of Short Put + Net Premium Received - Commissions Paid
Maximum Loss Scenario		Strike Price of Short - Price of Underlying - Max Profit + Commissions Paid
Risk	Limited	Unlimited
Reward	Limited	Limited

DIAGONAL BULL CALL SPREAD Vs RATIO PUT SPREAD - Strategy Pros & Cons

	DIAGONAL BULL CALL SPREAD	RATIO PUT SPREAD
Similar Strategies	Bull Put Spread	Short Straddle (Sell Straddle), Short Strangle (Sell Strangle)
Disadvantage		• Unlimited potential risk. • Limited profit.
Advantages		• Directional strategy so that there is either no upside or downside risk. • Able to profit even if trader is neutral on the market. • Higher probability of profit.