PUT BACKSPREAD	BULL CALL SPREAD
About Strategy	Put Backspread Option Strategy If the trader is bearish on market and bullish in volatility, he will implement this strategy. However the trader can be neutral in nature i.e. indifferent if the market moves in either of the direction, this strategy will make profits, but uptrend will give a capped income than downtrend which will give unlimited returns. Read more..	Bull Call Spread Option Strategy Bull Call Spread option trading strategy is used by a trader who is bullish in nature and expects the underlying asset to give decent returns in the near future. This strategy includes buying of an ‘In The Money’ Call Option and selling of ‘Deep Out Of the Money’ Call Option of the same underlying asset and the same expiration date. .. Read more..

PUT BACKSPREAD Vs BULL CALL SPREAD - Details

	PUT BACKSPREAD	BULL CALL SPREAD
Market View	Bearish	Bullish
Type (CE/PE)	PE (Put Option)	CE (Call Option)
Number Of Positions	2	2
Strategy Level	Advance	Beginners
Reward Profile		Limited
Risk Profile		Limited
Breakeven Point		Strike price of purchased call + net premium paid

PUT BACKSPREAD Vs BULL CALL SPREAD - When & How to use ?

	PUT BACKSPREAD	BULL CALL SPREAD
Market View	Bearish	Bullish
When to use?		This strategy is used when an investor is Bullish in the market but expect the underlying to gain mildly in near future.
Action		Buy ITM Call Option, Sell OTM Call Option
Breakeven Point		Strike price of purchased call + net premium paid

PUT BACKSPREAD Vs BULL CALL SPREAD - Risk & Reward

	PUT BACKSPREAD	BULL CALL SPREAD
Maximum Profit Scenario		(Strike Price of Call 1 - Strike Price of Call 2) - Net Premium Paid
Maximum Loss Scenario		Net Premium Paid
Risk	Limited	Limited
Reward	Unlimited	Limited

PUT BACKSPREAD Vs BULL CALL SPREAD - Strategy Pros & Cons

	PUT BACKSPREAD	BULL CALL SPREAD
Similar Strategies		Collar
Disadvantage		• Limited profit potential to the higher strike call sold if the underlying stock price rises. • Maximum profit only if stock rises to the higher of 2 strike prices selected.
Advantages		• Allows you to reduce risk and cost of your investment. • When placing the spread, exit strategy is pre-determined in advance. • Risk is limited to the net premium paid.