BULL CALENDER SPREAD	SYNTHETIC LONG CALL
About Strategy	Bull Calendar Spread Option Strategy This strategy is implemented when a trader is bullish on the underlying stock/index in the short term say 2 months or so. A trader will write one Near Month OTM Call Option and buy one next Month OTM Call Option, thereby reducing the cost of purchase, with the same strike price of the same underlying asset. This strategy is used when a trader wants to make prof Read more..	Synthetic Long Call Option Strategy A trader is bullish in nature for short term, but also fearful about the downside risk associated with it. Here, a trader wants to hold an underlying asset either in physical form like in case of commodities or demat (electronic) form in case of stocks. But he is always exposed to downside risk and in order to mitigate his losses, .. Read more..

BULL CALENDER SPREAD Vs SYNTHETIC LONG CALL - Details

	BULL CALENDER SPREAD	SYNTHETIC LONG CALL
Market View	Bullish	Bullish
Type (CE/PE)	CE (Call Option) + PE (Put Option)	CE (Call Option)
Number Of Positions	2	2
Strategy Level	Beginners	Beginners
Reward Profile	Unlimited	When Price of Underlying > Purchase Price of Underlying + Premium Paid
Risk Profile	Limited	Limited (Maximum loss happens when the price of instrument move above from the strike price of put)
Breakeven Point	Stock Price when long call value is equal to net debit.	Underlying Price + Put Premium

BULL CALENDER SPREAD Vs SYNTHETIC LONG CALL - When & How to use ?

	BULL CALENDER SPREAD	SYNTHETIC LONG CALL
Market View	Bullish	Bullish
When to use?	This strategy is used when a trader wants to make profit from a steady increase in the stock price over a short period of time.	A trader is bullish in nature for short term, but also fearful about the downside risk associated with it.
Action	Sell 1 Near-Term OTM Call, Buy 1 Long-Term OTM Call	Buy 1 ATM Put or OTM Put
Breakeven Point	Stock Price when long call value is equal to net debit.	Underlying Price + Put Premium

BULL CALENDER SPREAD Vs SYNTHETIC LONG CALL - Risk & Reward

	BULL CALENDER SPREAD	SYNTHETIC LONG CALL
Maximum Profit Scenario	You have unlimited profit potential to the upside.	Current Price - Purchase Price - Premium Paid
Maximum Loss Scenario	Max Loss = Premium Paid + Commissions Paid	Premium Paid
Risk	Limited	Limited
Reward	Unlimited	Unlimited

BULL CALENDER SPREAD Vs SYNTHETIC LONG CALL - Strategy Pros & Cons

	BULL CALENDER SPREAD	SYNTHETIC LONG CALL
Similar Strategies	The Collar, Bull Put Spread	Protective Put, Long Call
Disadvantage	• Limited profit even if underlying asset rallies. • If the short call options are assigned when the underlying asset rallies then losses can be sustained.	•Chances of loss if the underlying goes down. •Incur losses if option is exercised.
Advantages	• Limited losses to the net debit. • Enable trader to book profit even if underlying asset stays stagnant. • If the market trends reverse, cashing in from stock price movement at limited risk.	•Limited risk, unlimited profit. •Protection to your long-term holdings. • Limited loss to the to the premium paid for Put option.