SHORT CALL CONDOR SPREAD	PROTECTIVE CALL
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..	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..

SHORT CALL CONDOR SPREAD Vs PROTECTIVE CALL - Details

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

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

	SHORT CALL CONDOR SPREAD	PROTECTIVE CALL
Market View	Volatile	Bearish
When to use?	This strategy is used when an investor expect the price of the underlying stock to be very volatile.	This strategy is implemented when a trader is bearish on the market and expects to go down.
Action	Buy ITM Call Option + Buy OTM Call Option + Sell Deep OTM Call Option + Sell Deep ITM Call Option	Buy 1 ATM Call
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium	Sale Price of Underlying + Premium Paid

SHORT CALL CONDOR SPREAD Vs PROTECTIVE CALL - Risk & Reward

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

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

	SHORT CALL CONDOR SPREAD	PROTECTIVE CALL
Similar Strategies	Short Strangle	Put Backspread, Long Put
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.	• Profitable when market moves as expected. • Not good for beginners.
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.	• 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.