SHORT PUT LADDER	PROTECTIVE CALL
About Strategy	Short Put Ladder Option Strategy  This strategy is implemented when a trader is slightly bearish on the market. A trader is required to be bullish over the volatility in the market. It involves sale of an ITM Put Option and buying of 1 ATM & 1 OTM Put Options. However, the risk associated with this strategy is limited. Read more..	Protective Call Option Strategy This strategy is simply the reversal of the Synthetic Call Strategy. This strategy is implemented when a trader is bearish on the market and expects to go down. Trader will short underlying stock in the cash market and buy either an ATM Call Option or OTM Call Option. The Call Option is bought to protect / hedge the upside risk on the short position. The .. Read more..

SHORT PUT LADDER Vs PROTECTIVE CALL - Details

	SHORT PUT LADDER	PROTECTIVE CALL
Market View	Neutral	Bearish
Type (CE/PE)	PE (Put Option)	CE (Call Option)
Number Of Positions	3	1
Strategy Level	Advance	Beginners
Reward Profile	Unlimited	Unlimited
Risk Profile	Limited	Limited
Breakeven Point	Upper Breakeven Point = Strike Price of Short Put - Net Premium Received Lower Breakeven Point = Total Strike Prices of Long Puts - Strike Price of Short Put + Net Premium Received	Sale Price of Underlying + Premium Paid

SHORT PUT LADDER Vs PROTECTIVE CALL - When & How to use ?

	SHORT PUT LADDER	PROTECTIVE CALL
Market View	Neutral	Bearish
When to use?	This strategy is implemented when a trader is slightly bearish on the market.	This strategy is implemented when a trader is bearish on the market and expects to go down.
Action	Sell ITM Put Option, Buying 1 ATM & 1 OTM Put Option.	Buy 1 ATM Call
Breakeven Point	Upper Breakeven Point = Strike Price of Short Put - Net Premium Received Lower Breakeven Point = Total Strike Prices of Long Puts - Strike Price of Short Put + Net Premium Received	Sale Price of Underlying + Premium Paid

SHORT PUT LADDER Vs PROTECTIVE CALL - Risk & Reward

	SHORT PUT LADDER	PROTECTIVE CALL
Maximum Profit Scenario	When Price of Underlying < Total Strike Prices of Long Puts - Strike Price of Short Put + Net Premium Received	Sale Price of Underlying - Price of Underlying - Premium Paid
Maximum Loss Scenario	Strike Price of Short Put - Strike Price of Higher Strike Long Put - Net Premium Received + Commissions Paid	Premium Paid + Call Strike Price - Sale Price of Underlying + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Unlimited

SHORT PUT LADDER Vs PROTECTIVE CALL - Strategy Pros & Cons

	SHORT PUT LADDER	PROTECTIVE CALL
Similar Strategies	Strap, Strip	Put Backspread, Long Put
Disadvantage	• Best to use when you are confident about movement of market. • Small margin required.	• Profitable when market moves as expected. • Not good for beginners.
Advantages	• When there is surge in implied volatility, this strategy can give more profit. • Unlimited downside profit. • Limited risk and unlimited reward strategy.	• Limited risk if the market moves in opposite direction as expected. • Allows you to keep open a profitable position to make further profits. • Unlimited profit potential.