NEUTRAL CALENDAR SPREAD	DIAGONAL BULL CALL SPREAD
About Strategy	Neutral Calendar Spread Option strategy  This strategy is implemented if the trader is neutral in the near future for say 2 months or so. This strategy involves writing of Near Month 1 ATM Call Option and buying 1 Mid Month ATM Call Option, hence reducing the cost of purchase, with the same strike price of the same underlying asset. This strategy is used when the trader wants to make money from the Read more..	Diagonal Bull Call Spread Option Strategy This strategy is implemented by a trader when he is neutral – moderately bullish in the near-month contract and bullish in the mid-month contract. It involves sale of 1 Near-Month OTM Call Option and buying of 1 Mid Month ITM Call Option. Risk: Read more..

NEUTRAL CALENDAR SPREAD Vs DIAGONAL BULL CALL SPREAD - Details

	NEUTRAL CALENDAR SPREAD	DIAGONAL BULL CALL SPREAD
Market View	Neutral	Bullish
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	2	2
Strategy Level	Beginners	Beginners
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	-

NEUTRAL CALENDAR SPREAD Vs DIAGONAL BULL CALL SPREAD - When & How to use ?

	NEUTRAL CALENDAR SPREAD	DIAGONAL BULL CALL SPREAD
Market View	Neutral	Bullish
When to use?	This strategy is implemented if the trader is neutral in the near future for say 2 months or so. This strategy involves writing of Near Month 1 ATM Call Option and buying 1 Mid Month ATM Call Option.
Action	Sell 1 Near-Term ATM Call, Buy 1 Long-Term ATM Call	Buy 1 Long-Term ITM Call Sell 1 Near-Term OTM Call
Breakeven Point	-

NEUTRAL CALENDAR SPREAD Vs DIAGONAL BULL CALL SPREAD - Risk & Reward

	NEUTRAL CALENDAR SPREAD	DIAGONAL BULL CALL SPREAD
Maximum Profit Scenario	Maximum Profit Limited When underlying stock price remains unchanged on expiration of the near month options.
Maximum Loss Scenario	It occurs when the stock price goes down and stays down until expiration of the longer term options.
Risk	Limited	Limited
Reward	Limited	Limited

NEUTRAL CALENDAR SPREAD Vs DIAGONAL BULL CALL SPREAD - Strategy Pros & Cons

	NEUTRAL CALENDAR SPREAD	DIAGONAL BULL CALL SPREAD
Similar Strategies	Long Put Butterfly, Iron Butterfly	Bull Put Spread
Disadvantage	• Lower profitability • Must have enough experience.
Advantages	• Almost zero margin required. • Ability to profit from time decay, limited risk. • This strategy allows you to transform position into long position.