DIAGONAL BULL CALL SPREAD	REVERSE IRON CONDOR
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..	Reverse Iron Condor Option Strategy Reverse Iron Condor as the name suggests is the opposite of Iron Condors. In Reverse Iron Condor, a trader is bullish about volatility and expects the market to make a significant move in the near future in either direction. Here a trader will buy 1 OTM Call Option, sell 1 Deep OTM Call Option, buy 1 OTM Put Option, sell 1 Deep OTM Put Option. This strategy also .. Read more..

DIAGONAL BULL CALL SPREAD Vs REVERSE IRON CONDOR - Details

	DIAGONAL BULL CALL SPREAD	REVERSE IRON CONDOR
Market View	Bullish	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	2	4
Strategy Level	Beginners	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point		Upper Breakeven Point = Strike Price of Long Call + Net Premium Paid, Lower Breakeven Point = Strike Price of Long Put - Net Premium Paid

DIAGONAL BULL CALL SPREAD Vs REVERSE IRON CONDOR - When & How to use ?

	DIAGONAL BULL CALL SPREAD	REVERSE IRON CONDOR
Market View	Bullish	Neutral
When to use?		In Reverse Iron Condor, a trader is bullish about volatility and expects the market to make a significant move in the near future in either direction
Action	Buy 1 Long-Term ITM Call Sell 1 Near-Term OTM Call	Buy 1 OTM Put, Sell 1 OTM Put (Lower Strike), Buy 1 OTM Call, Sell 1 OTM Call (Higher Strike)
Breakeven Point		Upper Breakeven Point = Strike Price of Long Call + Net Premium Paid, Lower Breakeven Point = Strike Price of Long Put - Net Premium Paid

DIAGONAL BULL CALL SPREAD Vs REVERSE IRON CONDOR - Risk & Reward

	DIAGONAL BULL CALL SPREAD	REVERSE IRON CONDOR
Maximum Profit Scenario		Strike Price of Short Call (or Long Put) - Strike Price of Long Call (or Short Put) - Net Premium Paid - Commissions Paid
Maximum Loss Scenario		Net Premium Paid + Commissions Paid
Risk	Limited	Limited
Reward	Limited	Limited

DIAGONAL BULL CALL SPREAD Vs REVERSE IRON CONDOR - Strategy Pros & Cons

	DIAGONAL BULL CALL SPREAD	REVERSE IRON CONDOR
Similar Strategies	Bull Put Spread	Short Condor
Disadvantage		• Potential loss is higher than gain. • Limited profit.
Advantages		• Able to profit whether stocks move in either direction up or down. • This strategy can be used by option traders who cannot use credit spreads. • Predictable maximum loss and profits.