LONG CALL CONDOR SPREAD	PUT BACKSPREAD
About Strategy	Long Call Condor Spread Option Strategy  This strategy is implemented when a trader is bearish on the volatility and expects the market to move sideways. Using Call Options of the same expiry date, he will buy one Deep ITM Call Option, sell 1 ITM Call Option, sell 1 OTM Call Option, buy 1 Deep OTM Call Option. The risk and reward both are limited due to offsetting of long and short positions. For t Read more..	Put Backspread Option Strategy If the trader is bearish on market and bullish in volatility, he will implement this strategy. However the trader can be neutral in nature i.e. indifferent if the market moves in either of the direction, this strategy will make profits, but uptrend will give a capped income than downtrend which will give unlimited returns. Read more..

LONG CALL CONDOR SPREAD Vs PUT BACKSPREAD - Details

	LONG CALL CONDOR SPREAD	PUT BACKSPREAD
Market View	Neutral	Bearish
Type (CE/PE)	CE (Call Option)	PE (Put Option)
Number Of Positions	4	2
Strategy Level	Advance	Advance
Reward Profile	Limited
Risk Profile	Limited
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

LONG CALL CONDOR SPREAD Vs PUT BACKSPREAD - When & How to use ?

	LONG CALL CONDOR SPREAD	PUT BACKSPREAD
Market View	Neutral	Bearish
When to use?	This strategy works well when you expect the price of the underlying asset to be range bound in the coming days.
Action	Buy Deep ITM Call Option, Buy Deep OTM Call Option, Sell ITM Call Option, Sell OTM Call Option
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

LONG CALL CONDOR SPREAD Vs PUT BACKSPREAD - Risk & Reward

	LONG CALL CONDOR SPREAD	PUT BACKSPREAD
Maximum Profit Scenario	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid
Maximum Loss Scenario	Net Premium Paid
Risk	Limited	Limited
Reward	Limited	Unlimited

LONG CALL CONDOR SPREAD Vs PUT BACKSPREAD - Strategy Pros & Cons

	LONG CALL CONDOR SPREAD	PUT BACKSPREAD
Similar Strategies	Long Put Butterfly, Short Call Condor, Short Strangle
Disadvantage	• Amount of profit is comparatively low. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.
Advantages	• Capable to generate profit even if there is low volatility in the market. • This strategy is associated with limited risk and limited profit. • Wider profit zone.