PROTECTIVE CALL	LONG CALL CONDOR SPREAD
About Strategy	Protective Call Option Strategy This strategy is simply the reversal of the Synthetic Call Strategy. This strategy is implemented when a trader is bearish on the market and expects to go down. Trader will short underlying stock in the cash market and buy either an ATM Call Option or OTM Call Option. The Call Option is bought to protect / hedge the upside risk on the short position. The 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..

PROTECTIVE CALL Vs LONG CALL CONDOR SPREAD - Details

	PROTECTIVE CALL	LONG CALL CONDOR SPREAD
Market View	Bearish	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	1	4
Strategy Level	Beginners	Advance
Reward Profile	Unlimited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Sale Price of Underlying + Premium Paid	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

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

	PROTECTIVE CALL	LONG CALL CONDOR SPREAD
Market View	Bearish	Neutral
When to use?	This strategy is implemented when a trader is bearish on the market and expects to go down.	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 Call	Buy Deep ITM Call Option, Buy Deep OTM Call Option, Sell ITM Call Option, Sell OTM Call Option
Breakeven Point	Sale Price of Underlying + Premium Paid	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

PROTECTIVE CALL Vs LONG CALL CONDOR SPREAD - Risk & Reward

	PROTECTIVE CALL	LONG CALL CONDOR SPREAD
Maximum Profit Scenario	Sale Price of Underlying - Price of Underlying - Premium Paid	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid
Maximum Loss Scenario	Premium Paid + Call Strike Price - Sale Price of Underlying + Commissions Paid	Net Premium Paid
Risk	Limited	Limited
Reward	Unlimited	Limited

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

	PROTECTIVE CALL	LONG CALL CONDOR SPREAD
Similar Strategies	Put Backspread, Long Put	Long Put Butterfly, Short Call Condor, Short Strangle
Disadvantage	• Profitable when market moves as expected. • Not good for beginners.	• 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 if the market moves in opposite direction as expected. • Allows you to keep open a profitable position to make further profits. • Unlimited profit potential.	• 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.