IRON CONDORS	SYNTHETIC LONG CALL
About Strategy	Iron Condors Option Strategy Iron Condor is a neutral trading strategy. A trader tries to make profit from low volatility in the price of the underlying asset. This strategy will be better understood if you recall ‘Bull Put Spread’ & ‘Bear Call Spread’. A trader will buy one Deep OTM Put Option and sell one OTM Put Option,. He will also sell one OTM Call Option and buy one Deep OTM Call Option. Read more..	Synthetic Long Call Option Strategy A trader is bullish in nature for short term, but also fearful about the downside risk associated with it. Here, a trader wants to hold an underlying asset either in physical form like in case of commodities or demat (electronic) form in case of stocks. But he is always exposed to downside risk and in order to mitigate his losses, .. Read more..

IRON CONDORS Vs SYNTHETIC LONG CALL - Details

	IRON CONDORS	SYNTHETIC LONG CALL
Market View	Neutral	Bullish
Type (CE/PE)	CE (Call Option) + PE (Put Option)	CE (Call Option)
Number Of Positions	4	2
Strategy Level	Advance	Beginners
Reward Profile	Limited	When Price of Underlying > Purchase Price of Underlying + Premium Paid
Risk Profile	Limited	Limited (Maximum loss happens when the price of instrument move above from the strike price of put)
Breakeven Point	Upper Breakeven Point = Strike Price of Short Call + Net Premium Received, Lower Breakeven Point = Strike Price of Short Put - Net Premium Received	Underlying Price + Put Premium

IRON CONDORS Vs SYNTHETIC LONG CALL - When & How to use ?

	IRON CONDORS	SYNTHETIC LONG CALL
Market View	Neutral	Bullish
When to use?	When a trader tries to make profit from low volatility in the price of the underlying asset.	A trader is bullish in nature for short term, but also fearful about the downside risk associated with it.
Action	Sell 1 OTM Put, Buy 1 OTM Put (Lower Strike), Sell 1 OTM Call, Buy 1 OTM Call (Higher Strike)	Buy 1 ATM Put or OTM Put
Breakeven Point	Upper Breakeven Point = Strike Price of Short Call + Net Premium Received, Lower Breakeven Point = Strike Price of Short Put - Net Premium Received	Underlying Price + Put Premium

IRON CONDORS Vs SYNTHETIC LONG CALL - Risk & Reward

	IRON CONDORS	SYNTHETIC LONG CALL
Maximum Profit Scenario	Net Premium Received - Commissions Paid	Current Price - Purchase Price - Premium Paid
Maximum Loss Scenario	Strike Price of Long Call - Strike Price of Short Call - Net Premium Received + Commissions Paid	Premium Paid
Risk	Limited	Limited
Reward	Limited	Unlimited

IRON CONDORS Vs SYNTHETIC LONG CALL - Strategy Pros & Cons

	IRON CONDORS	SYNTHETIC LONG CALL
Similar Strategies	Long Put Butterfly, Neutral Calendar Spread	Protective Put, Long Call
Disadvantage	• Full of risk. • Unlimited maximum loss.	•Chances of loss if the underlying goes down. •Incur losses if option is exercised.
Advantages	• Chance to gather double premium. • Sure, maximum gains on one-half the trade. • Flexible and double leverage at half price.	•Limited risk, unlimited profit. •Protection to your long-term holdings. • Limited loss to the to the premium paid for Put option.