SHORT PUT LADDER	SHORT CALL CONDOR SPREAD
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..	Short Call Condor Spread Option Strategy Short Call Condor Spread is the opposite of Long Call Condor Spread i.e. sell 1 Deep ITM Call Option, buy 1 ITM Call Option, buy 1 OTM Call Option, sell 1 Deep OTM Call Option. Similar to Long Call Condor, the risk and rewards associated with this strategy are limited. Credit is received at the time of entering into this strategy. Read more..

SHORT PUT LADDER Vs SHORT CALL CONDOR SPREAD - Details

	SHORT PUT LADDER	SHORT CALL CONDOR SPREAD
Market View	Neutral	Volatile
Type (CE/PE)	PE (Put Option)	CE (Call Option)
Number Of Positions	3	4
Strategy Level	Advance	Advance
Reward Profile	Unlimited	Limited
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	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium

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

	SHORT PUT LADDER	SHORT CALL CONDOR SPREAD
Market View	Neutral	Volatile
When to use?	This strategy is implemented when a trader is slightly bearish on the market.	This strategy is used when an investor expect the price of the underlying stock to be very volatile.
Action	Sell ITM Put Option, Buying 1 ATM & 1 OTM Put Option.	Buy ITM Call Option + Buy OTM Call Option + Sell Deep OTM Call Option + Sell Deep ITM Call Option
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	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium

SHORT PUT LADDER Vs SHORT CALL CONDOR SPREAD - Risk & Reward

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

SHORT PUT LADDER Vs SHORT CALL CONDOR SPREAD - Strategy Pros & Cons

	SHORT PUT LADDER	SHORT CALL CONDOR SPREAD
Similar Strategies	Strap, Strip	Short Strangle
Disadvantage	• Best to use when you are confident about movement of market. • Small margin required.	• Amount of profit is low in comparison with other strategies. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.
Advantages	• When there is surge in implied volatility, this strategy can give more profit. • Unlimited downside profit. • Limited risk and unlimited reward strategy.	• This strategy allows you to profit from highly volatile underlying assets moving in any direction. • Earn profit with little or no investment. • Wider profit zone.