SHORT CALL LADDER	PROTECTIVE CALL
About Strategy	Short Call Ladder Option Strategy  This strategy is implemented when a trader is moderately bullish on the market, and volatility. It involves sale of an ITM Call Option, buying of an ATM Call Option & OTM Call Option. The risk associated with the strategy is limited. Risk: 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 LADDER Vs PROTECTIVE CALL - Details

	SHORT CALL LADDER	PROTECTIVE CALL
Market View	Neutral	Bearish
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	3	1
Strategy Level	Advance	Beginners
Reward Profile	Unlimited	Unlimited
Risk Profile	Limited	Limited
Breakeven Point	Upper Breakeven Point = Total Strike Prices of Long Calls - Strike Price of Short Call + Net Premium Received Lower Breakeven Point = Strike Price of Short Call - Net Premium Received	Sale Price of Underlying + Premium Paid

SHORT CALL LADDER Vs PROTECTIVE CALL - When & How to use ?

	SHORT CALL LADDER	PROTECTIVE CALL
Market View	Neutral	Bearish
When to use?	This strategy is implemented when a trader is moderately bullish on the market, and volatility	This strategy is implemented when a trader is bearish on the market and expects to go down.
Action	Sell 1 ITM Call, Buy 1 ATM Call, Buy 1 OTM Call	Buy 1 ATM Call
Breakeven Point	Upper Breakeven Point = Total Strike Prices of Long Calls - Strike Price of Short Call + Net Premium Received Lower Breakeven Point = Strike Price of Short Call - Net Premium Received	Sale Price of Underlying + Premium Paid

SHORT CALL LADDER Vs PROTECTIVE CALL - Risk & Reward

	SHORT CALL LADDER	PROTECTIVE CALL
Maximum Profit Scenario	Profit Achieved When Price of Underlying > Total Strike Prices of Long Calls - Strike Price of Short Call + Net Premium Received	Sale Price of Underlying - Price of Underlying - Premium Paid
Maximum Loss Scenario	Strike Price of Lower Strike Long Call - Strike Price of Short Call - Net Premium Received + Commissions Paid	Premium Paid + Call Strike Price - Sale Price of Underlying + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Unlimited

SHORT CALL LADDER Vs PROTECTIVE CALL - Strategy Pros & Cons

	SHORT CALL LADDER	PROTECTIVE CALL
Similar Strategies	Short Put Ladder, Strip, Strap	Put Backspread, Long Put
Disadvantage	• Unlimited risk. • Margin required.	• Profitable when market moves as expected. • Not good for beginners.
Advantages	• Higher probability of profit. • Unlimited upside profit. • Limited maximum loss.	• 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.