SHORT CALL CONDOR SPREAD	PROTECTIVE COLLAR
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 Collar Strategy This Strategy is implemented when the investor requires downside protection for the short - to medium term but at lower cost. Buying protective puts can be an expensive proposition and writing OTM calls can defray the cost of the puts quite substantially. Protective Collar is considered as bearish to neutral strategy. In this strategy risk and reward is both are limited. This .. Read more..

SHORT CALL CONDOR SPREAD Vs PROTECTIVE COLLAR - Details

	SHORT CALL CONDOR SPREAD	PROTECTIVE COLLAR
Market View	Volatile	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	4	2
Strategy Level	Advance	Beginners
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium	Purchase Price of Underlying + Net Premium Paid

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

	SHORT CALL CONDOR SPREAD	PROTECTIVE COLLAR
Market View	Volatile	Neutral
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 the investor requires downside protection for the short - to medium term but at lower cost.
Action	Buy ITM Call Option + Buy OTM Call Option + Sell Deep OTM Call Option + Sell Deep ITM Call Option	• Short 1 Call Option, • Long 1 Put Option
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium	Purchase Price of Underlying + Net Premium Paid

SHORT CALL CONDOR SPREAD Vs PROTECTIVE COLLAR - Risk & Reward

	SHORT CALL CONDOR SPREAD	PROTECTIVE COLLAR
Maximum Profit Scenario	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid	• Call strike - stock purchase price - net premium paid + net credit received
Maximum Loss Scenario	Strike Price of Lower Strike Long Call - Strike Price of Lower Strike Short Call - Net Premium Received + Commissions Paid	• Stock purchase price - put strike - net premium paid - put strike + net credit received
Risk	Limited	Limited
Reward	Limited	Limited

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

	SHORT CALL CONDOR SPREAD	PROTECTIVE COLLAR
Similar Strategies	Short Strangle	Bull Put Spread, Bull Call Spread
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.	• Potential profit is lower or limited.
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.	The Risk is limited.