BULL PUT SPREAD	NEUTRAL CALENDAR SPREAD
About Strategy	Bull Put Spread Option Strategy Bull Put Spread option trading strategy is used by a trader who is bullish in nature and expects the underlying asset to move in an upward trend in the near future. This strategy includes buying of an ‘Out of the Money’ Put Option and selling of ‘In the Money’ Put Option of the same underlying asset and the same expiration date. When you write a Put, you will receive prem 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..

BULL PUT SPREAD Vs NEUTRAL CALENDAR SPREAD - Details

	BULL PUT SPREAD	NEUTRAL CALENDAR SPREAD
Market View	Bullish	Neutral
Type (CE/PE)	PE (Put Option)	CE (Call Option)
Number Of Positions	2	2
Strategy Level	Advance	Beginners
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Strike price of short put - net premium paid	-

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

	BULL PUT SPREAD	NEUTRAL CALENDAR SPREAD
Market View	Bullish	Neutral
When to use?	Bull Put Spread strategy is used when you're of the view that the price of a particular underlying will rise, move sideways, or marginally fall.	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 OTM Put Option, Sell ITM Put Option	Sell 1 Near-Term ATM Call, Buy 1 Long-Term ATM Call
Breakeven Point	Strike price of short put - net premium paid	-

BULL PUT SPREAD Vs NEUTRAL CALENDAR SPREAD - Risk & Reward

	BULL PUT SPREAD	NEUTRAL CALENDAR SPREAD
Maximum Profit Scenario	Max Profit = Net Premium Received	Maximum Profit Limited When underlying stock price remains unchanged on expiration of the near month options.
Maximum Loss Scenario	Max Loss = (Strike Price Put 1 - Strike Price of Put 2) - Net Premium Received	It occurs when the stock price goes down and stays down until expiration of the longer term options.
Risk	Limited	Limited
Reward	Limited	Limited

BULL PUT SPREAD Vs NEUTRAL CALENDAR SPREAD - Strategy Pros & Cons

	BULL PUT SPREAD	NEUTRAL CALENDAR SPREAD
Similar Strategies	Bull Call Spread, Bear Put Spread, Collar	Long Put Butterfly, Iron Butterfly
Disadvantage	• Limited profit potential. • In loss situations, time decay may go against you.	• Lower profitability • Must have enough experience.
Advantages	• Benefit from the time decay in profit positions but harmful in loss positions. • Profitable when underlying stock price rises, move sideways or marginal drop. • Reduce the downside risk.	• Almost zero margin required. • Ability to profit from time decay, limited risk. • This strategy allows you to transform position into long position.