SYNTHETIC LONG CALL	LONG CALL LADDER
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 Ladder Option Strategy  Long Call Ladder Strategy is an extension to Bull Call Spread Strategy. A trader will be slightly bullish about the market, in this strategy but bearish over volatility. It involves buying of an ITM Call Option and sale of 1 ATM & 1 OTM Call Options. However, the risk associated with this strategy is unlimited and reward is limited. Read more..

SYNTHETIC LONG CALL Vs LONG CALL LADDER - Details

	SYNTHETIC LONG CALL	LONG CALL LADDER
Market View	Bullish	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	2	3
Strategy Level	Beginners	Advance
Reward Profile	When Price of Underlying > Purchase Price of Underlying + Premium Paid	Unlimited
Risk Profile	Limited (Maximum loss happens when the price of instrument move above from the strike price of put)	Unlimited
Breakeven Point	Underlying Price + Put Premium	Upper Breakeven Point = Total Strike Prices of Short Calls - Strike Price of Long Call - Net Premium Paid, Lower Breakeven Point = Strike Price of Long Call + Net Premium Paid

SYNTHETIC LONG CALL Vs LONG CALL LADDER - When & How to use ?

	SYNTHETIC LONG CALL	LONG CALL LADDER
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 is an extension to Bull Call Spread Strategy. A trader will be slightly bullish about the market, in this strategy but bearish over volatility.
Action	Buy 1 ATM Put or OTM Put	Buy 1 ITM Call, Sell 1 ATM Call, Sell 1 OTM Call
Breakeven Point	Underlying Price + Put Premium	Upper Breakeven Point = Total Strike Prices of Short Calls - Strike Price of Long Call - Net Premium Paid, Lower Breakeven Point = Strike Price of Long Call + Net Premium Paid

SYNTHETIC LONG CALL Vs LONG CALL LADDER - Risk & Reward

	SYNTHETIC LONG CALL	LONG CALL LADDER
Maximum Profit Scenario	Current Price - Purchase Price - Premium Paid	Strike Price of Lower Strike Short Call - Strike Price of Long Call - Net Premium Paid - Commissions Paid
Maximum Loss Scenario	Premium Paid	Price of Underlying - Upper Breakeven Price + Commissions Paid
Risk	Limited	Unlimited
Reward	Unlimited	Unlimited

SYNTHETIC LONG CALL Vs LONG CALL LADDER - Strategy Pros & Cons

	SYNTHETIC LONG CALL	LONG CALL LADDER
Similar Strategies	Protective Put, Long Call	Short Strangle (Sell Strangle), Short Straddle (Sell Straddle)
Disadvantage	•Chances of loss if the underlying goes down. •Incur losses if option is exercised.	• Unlimited risk. • Margin required.
Advantages	•Limited risk, unlimited profit. •Protection to your long-term holdings. • Limited loss to the to the premium paid for Put option.	• Reduces capital outlay of bull call spread. • Wider maximum profit zone. • When there is decrease in implied volatility, this strategy can give profit.