SYNTHETIC LONG CALL	LONG CALL CONDOR SPREAD
About Strategy	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..	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..

SYNTHETIC LONG CALL Vs LONG CALL CONDOR SPREAD - Details

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

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

	SYNTHETIC LONG CALL	LONG CALL CONDOR SPREAD
Market View	Bullish	Neutral
When to use?	A trader is bullish in nature for short term, but also fearful about the downside risk associated with it.	This strategy works well when you expect the price of the underlying asset to be range bound in the coming days.
Action	Buy 1 ATM Put or OTM Put	Buy Deep ITM Call Option, Buy Deep OTM Call Option, Sell ITM Call Option, Sell OTM Call Option
Breakeven Point	Underlying Price + Put Premium	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

SYNTHETIC LONG CALL Vs LONG CALL CONDOR SPREAD - Risk & Reward

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

SYNTHETIC LONG CALL Vs LONG CALL CONDOR SPREAD - Strategy Pros & Cons

	SYNTHETIC LONG CALL	LONG CALL CONDOR SPREAD
Similar Strategies	Protective Put, Long Call	Long Put Butterfly, Short Call Condor, Short Strangle
Disadvantage	•Chances of loss if the underlying goes down. •Incur losses if option is exercised.	• Amount of profit is comparatively low. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.
Advantages	•Limited risk, unlimited profit. •Protection to your long-term holdings. • Limited loss to the to the premium paid for Put option.	• 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.