NEUTRAL CALENDAR SPREAD	BEAR PUT SPREAD
About Strategy	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..	Bear Put Spread Option Strategy  When a trader is moderately bearish on the market he can implement this strategy. Bear-Put-Spread involves buying of ITM Put Option and selling of an OTM Put Option. If prices fall, the ITM Put option starts making profits and the OTM Put option also adds to profit at a certain extent if the expiry price stays above the OTM strike. However, if it falls below the OTM .. Read more..

NEUTRAL CALENDAR SPREAD Vs BEAR PUT SPREAD - Details

	NEUTRAL CALENDAR SPREAD	BEAR PUT SPREAD
Market View	Neutral	Bearish
Type (CE/PE)	CE (Call Option)	PE (Put Option)
Number Of Positions	2	2
Strategy Level	Beginners	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	-	Strike Price of Long Put - Net Premium

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

	NEUTRAL CALENDAR SPREAD	BEAR PUT SPREAD
Market View	Neutral	Bearish
When to use?	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.	The bear call spread options strategy is used when you are bearish in market view. The strategy minimizes your risk in the event of prime movements going against your expectations.
Action	Sell 1 Near-Term ATM Call, Buy 1 Long-Term ATM Call	Buy ITM Put Option, Sell OTM Put Option
Breakeven Point	-	Strike Price of Long Put - Net Premium

NEUTRAL CALENDAR SPREAD Vs BEAR PUT SPREAD - Risk & Reward

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

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

	NEUTRAL CALENDAR SPREAD	BEAR PUT SPREAD
Similar Strategies	Long Put Butterfly, Iron Butterfly	Bear Call Spread, Bull Call Spread
Disadvantage	• Lower profitability • Must have enough experience.	• Limited profit. • Early assignment risk.
Advantages	• Almost zero margin required. • Ability to profit from time decay, limited risk. • This strategy allows you to transform position into long position.	• If the strike price, expiration date or underlying stocks are rightly chosen then risk of losses would be limited to the net premium paid. • This strategy works well in declining markets. • Limited risk.