REVERSE IRON BUTTERFLY	CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY
About Strategy	Reverse Iron Butterfly Option Strategy Reverse Iron Butterfly as the name suggests is the opposite of Iron Butterfly. In Reverse Iron Butterfly, a trader is bullish on volatility and expects the market to make significant move in the near future in either directions. Here a trader will buy 1 ATM Call Option, sell 1 OTM Call Option, buy 1 ATM Put Option, sell 1 OTM Put Option. This strategy also bags lim 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..

REVERSE IRON BUTTERFLY Vs CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY - Details

	REVERSE IRON BUTTERFLY	CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY
Market View	Neutral	Bullish
Type (CE/PE)	CE (Call Option) + PE (Put Option)	CE (Call Option)
Number Of Positions	4	4
Strategy Level	Advance	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	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	Lowest strike prices + premium paid – the half premium.

REVERSE IRON BUTTERFLY Vs CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY - When & How to use ?

	REVERSE IRON BUTTERFLY	CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY
Market View	Neutral	Bullish
When to use?	This strategy is used when a trader is bullish on volatility and expects the market to make significant move in the near future in either directions.	This Strategy is used when an investor wants potential returns.
Action	Sell 1 OTM Put, Buy 1 ATM Put, Buy 1 ATM Call, Sell 1 OTM Call	• Buy 1 call , • Sell 3 calls, • Buy 2 calls
Breakeven Point	Upper Breakeven Point = Strike Price of Long Call + Net Premium Paid, Lower Breakeven Point = Strike Price of Long Put - Net Premium Paid	Lowest strike prices + premium paid – the half premium.

REVERSE IRON BUTTERFLY Vs CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY - Risk & Reward

	REVERSE IRON BUTTERFLY	CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY
Maximum Profit Scenario	Strike Price of Short Call (or Long Put) - Strike Price of Long Call (or Short Put) - Net Premium Paid - Commissions Paid	Equal middle strike price – lower strike price – the premium
Maximum Loss Scenario	Net Premium Paid + Commissions Paid	Net Debit paid for the strategy.
Risk	Limited	Limited
Reward	Limited	Limited

REVERSE IRON BUTTERFLY Vs CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY - Strategy Pros & Cons

	REVERSE IRON BUTTERFLY	CHRISTMAS TREE SPREAD WITH CALL OPTION STRATEGY
Similar Strategies	Short Put Butterfly, Short Condor	CHRISTMAS TREE SPREAD WITH PUT OPTION
Disadvantage	• Potential loss is higher than gain, complex strategy. • Not suitable for beginners.	• Potential profit is lower or limited.
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, volatile strategy.	• The potential of loss is limited.