SHORT CALL CONDOR SPREAD	RISK REVERSAL
About Strategy	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..	Risk Reversal Option Strategy This strategy protects an investor from unfavourable price movements in the position but limits the profits can be made on that position. A risk reversal is a hedging strategy that protects a long or short position by using put and call options. In this one option is buying and other is written. In this strategy the trader has to pay a premium, while the written option prod .. Read more..

SHORT CALL CONDOR SPREAD Vs RISK REVERSAL - Details

	SHORT CALL CONDOR SPREAD	RISK REVERSAL
Market View	Volatile	Bullish
Type (CE/PE)	CE (Call Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	4	2
Strategy Level	Advance	Advance
Reward Profile	Limited	Unlimited
Risk Profile	Limited	Unlimited
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium	Premium received - Put Strike Price

SHORT CALL CONDOR SPREAD Vs RISK REVERSAL - When & How to use ?

	SHORT CALL CONDOR SPREAD	RISK REVERSAL
Market View	Volatile	Bullish
When to use?	This strategy is used when an investor expect the price of the underlying stock to be very volatile.	This strategy can be used for hedging. When an investor want to protect long or short position by using a call and put option.
Action	Buy ITM Call Option + Buy OTM Call Option + Sell Deep OTM Call Option + Sell Deep ITM Call Option	This strategy work when an investor want to hedge their position by buying a put option and selling a call option.
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium	Premium received - Put Strike Price

SHORT CALL CONDOR SPREAD Vs RISK REVERSAL - Risk & Reward

	SHORT CALL CONDOR SPREAD	RISK REVERSAL
Maximum Profit Scenario	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid	You have unlimited profit potential to the upside.
Maximum Loss Scenario	Strike Price of Lower Strike Long Call - Strike Price of Lower Strike Short Call - Net Premium Received + Commissions Paid	You have nearly unlimited downside risk as well because you are short the put
Risk	Limited	Unlimited
Reward	Limited	Unlimited

SHORT CALL CONDOR SPREAD Vs RISK REVERSAL - Strategy Pros & Cons

	SHORT CALL CONDOR SPREAD	RISK REVERSAL
Similar Strategies	Short Strangle	-
Disadvantage	• 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.	Unlimited Risk.
Advantages	• 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.	Unlimited profit.