SYNTHETIC LONG CALL	SHORT 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..	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..

SYNTHETIC LONG CALL Vs SHORT CALL CONDOR SPREAD - Details

	SYNTHETIC LONG CALL	SHORT CALL CONDOR SPREAD
Market View	Bullish	Volatile
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 SHORT CALL CONDOR SPREAD - When & How to use ?

	SYNTHETIC LONG CALL	SHORT CALL CONDOR SPREAD
Market View	Bullish	Volatile
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 used when an investor expect the price of the underlying stock to be very volatile.
Action	Buy 1 ATM Put or OTM Put	Buy ITM Call Option + Buy OTM Call Option + Sell Deep OTM Call Option + Sell Deep ITM 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 SHORT CALL CONDOR SPREAD - Risk & Reward

	SYNTHETIC LONG CALL	SHORT 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	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

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

	SYNTHETIC LONG CALL	SHORT CALL CONDOR SPREAD
Similar Strategies	Protective Put, Long Call	Short Strangle
Disadvantage	•Chances of loss if the underlying goes down. •Incur losses if option is exercised.	• 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	•Limited risk, unlimited profit. •Protection to your long-term holdings. • Limited loss to the to the premium paid for Put option.	• 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.