SHORT CALL BUTTERFLY	BULL PUT SPREAD
About Strategy	Short Call Butterfly Option Strategy This strategy is opposite of the Long Call Butterfly Strategy, a trader expects the market to remain range bound in Long Call Butterfly, but here he expects the market to move beyond strike boundaries in Short Call Butterfly. If the trader is bullish on the market’s volatility, he will implement this strategy. Here also there should be equal distance between the Read more..	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..

SHORT CALL BUTTERFLY Vs BULL PUT SPREAD - Details

	SHORT CALL BUTTERFLY	BULL PUT SPREAD
Market View	Neutral	Bullish
Type (CE/PE)	CE (Call Option)	PE (Put Option)
Number Of Positions	4	2
Strategy Level	Advance	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Lower Break-even = Lower Strike Price + Net Premium, Upper Break-even = Higher Strike Price - Net Premium	Strike price of short put - net premium paid

SHORT CALL BUTTERFLY Vs BULL PUT SPREAD - When & How to use ?

	SHORT CALL BUTTERFLY	BULL PUT SPREAD
Market View	Neutral	Bullish
When to use?	This strategy is meant for special scenarios where you foresee a lot of volatility in the market due to election results, budget, policy change, annual result announcements etc.	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.
Action	Buy 2 ATM Call, Sell 1 ITM Call, Sell 1 OTM Call	Buy OTM Put Option, Sell ITM Put Option
Breakeven Point	Lower Break-even = Lower Strike Price + Net Premium, Upper Break-even = Higher Strike Price - Net Premium	Strike price of short put - net premium paid

SHORT CALL BUTTERFLY Vs BULL PUT SPREAD - Risk & Reward

	SHORT CALL BUTTERFLY	BULL PUT SPREAD
Maximum Profit Scenario	The profit is limited to the net premium received.	Max Profit = Net Premium Received
Maximum Loss Scenario	Higher strike price- Lower Strike Price - Net Premium	Max Loss = (Strike Price Put 1 - Strike Price of Put 2) - Net Premium Received
Risk	Limited	Limited
Reward	Limited	Limited

SHORT CALL BUTTERFLY Vs BULL PUT SPREAD - Strategy Pros & Cons

	SHORT CALL BUTTERFLY	BULL PUT SPREAD
Similar Strategies	Long Straddle, Long Call Butterfly	Bull Call Spread, Bear Put Spread, Collar
Disadvantage	• Limited rewards, usually offer smaller return. • Profitability depends on the significant movement of stocks and options prices.	• Limited profit potential. • In loss situations, time decay may go against you.
Advantages	• Even if the market is highly volatile, the risk exposure remains limited. • Without any extra investment, you can receive your premium. • Able to book profits even when the price movement cannot be predicted.	• 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.