BULL CALL SPREAD	CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY
About Strategy	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..	Christmas Tree Spread with Call Option Strategy This Strategy is an advance option strategy that consists of three legs and six total options. In this strategy buying one call at strike price A, skipping strike price B, writes three calls at strike price C, and buying two calls at strike price D for same expiration dates for neutral to bullish forecast. An investor used this strategy to potential retur .. Read more..

BULL CALL SPREAD Vs CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY - Details

	BULL CALL SPREAD	CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY
Market View	Bullish	Bullish
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	2	4
Strategy Level	Beginners	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Strike price of purchased call + net premium paid	Lowest strike prices + premium paid – the half premium.

BULL CALL SPREAD Vs CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY - When & How to use ?

	BULL CALL SPREAD	CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY
Market View	Bullish	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.	This Strategy is used when an investor wants potential returns.
Action	Buy ITM Call Option, Sell OTM Call Option	• Buy 1 call , • Sell 3 calls, • Buy 2 calls
Breakeven Point	Strike price of purchased call + net premium paid	Lowest strike prices + premium paid – the half premium.

BULL CALL SPREAD Vs CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY - Risk & Reward

	BULL CALL SPREAD	CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY
Maximum Profit Scenario	(Strike Price of Call 1 - Strike Price of Call 2) - Net Premium Paid	Equal middle strike price – lower strike price – the premium
Maximum Loss Scenario	Net Premium Paid	Net Debit paid for the strategy.
Risk	Limited	Limited
Reward	Limited	Limited

BULL CALL SPREAD Vs CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY - Strategy Pros & Cons

	BULL CALL SPREAD	CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY
Similar Strategies	Collar	CHRISTMAS TREE SPREAD WITH PUT OPTION
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.	• Potential profit is lower or limited.
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.	• The potential of loss is limited.