PUT BACKSPREAD	REVERSE IRON CONDOR
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..	Reverse Iron Condor Option Strategy Reverse Iron Condor as the name suggests is the opposite of Iron Condors. In Reverse Iron Condor, a trader is bullish about volatility and expects the market to make a significant move in the near future in either direction. Here a trader will buy 1 OTM Call Option, sell 1 Deep OTM Call Option, buy 1 OTM Put Option, sell 1 Deep OTM Put Option. This strategy also .. Read more..

PUT BACKSPREAD Vs REVERSE IRON CONDOR - Details

	PUT BACKSPREAD	REVERSE IRON CONDOR
Market View	Bearish	Neutral
Type (CE/PE)	PE (Put Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	2	4
Strategy Level	Advance	Advance
Reward Profile		Limited
Risk Profile		Limited
Breakeven Point		Upper Breakeven Point = Strike Price of Long Call + Net Premium Paid, Lower Breakeven Point = Strike Price of Long Put - Net Premium Paid

PUT BACKSPREAD Vs REVERSE IRON CONDOR - When & How to use ?

	PUT BACKSPREAD	REVERSE IRON CONDOR
Market View	Bearish	Neutral
When to use?		In Reverse Iron Condor, a trader is bullish about volatility and expects the market to make a significant move in the near future in either direction
Action		Buy 1 OTM Put, Sell 1 OTM Put (Lower Strike), Buy 1 OTM Call, Sell 1 OTM Call (Higher Strike)
Breakeven Point		Upper Breakeven Point = Strike Price of Long Call + Net Premium Paid, Lower Breakeven Point = Strike Price of Long Put - Net Premium Paid

PUT BACKSPREAD Vs REVERSE IRON CONDOR - Risk & Reward

	PUT BACKSPREAD	REVERSE IRON CONDOR
Maximum Profit Scenario		Strike Price of Short Call (or Long Put) - Strike Price of Long Call (or Short Put) - Net Premium Paid - Commissions Paid
Maximum Loss Scenario		Net Premium Paid + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Limited

PUT BACKSPREAD Vs REVERSE IRON CONDOR - Strategy Pros & Cons

	PUT BACKSPREAD	REVERSE IRON CONDOR
Similar Strategies		Short Condor
Disadvantage		• Potential loss is higher than gain. • Limited profit.
Advantages		• Able to profit whether stocks move in either direction up or down. • This strategy can be used by option traders who cannot use credit spreads. • Predictable maximum loss and profits.