BULL CALENDER SPREAD	THE COLLAR
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..	The Collar Option Strategy Collar Strategy is an extension to Covered Call Strategy. A trader, who is bullish in nature but has a very low risk appetite and wants to mitigate his risk will implement the Collar Strategy. Collar involves buying of stock in either Cash/Futures Market, buying an ATM Put Option & selling an OTM Call Option. The expiry dates of the op .. Read more..

BULL CALENDER SPREAD Vs THE COLLAR - Details

	BULL CALENDER SPREAD	THE COLLAR
Market View	Bullish	Bullish
Type (CE/PE)	CE (Call Option) + PE (Put Option)	CE (Call Option) + PE (Put Option) + Underlying
Number Of Positions	2	3
Strategy Level	Beginners	Advance
Reward Profile	Unlimited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Stock Price when long call value is equal to net debit.	Price of Features - Call Premium + Put Premium

BULL CALENDER SPREAD Vs THE COLLAR - When & How to use ?

	BULL CALENDER SPREAD	THE COLLAR
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.	It should be used only in case where trader is certain about the bearish market view.
Action	Sell 1 Near-Term OTM Call, Buy 1 Long-Term OTM Call	Buy Underlying, Buy 1 ATM Put Option, Sell 1 OTM Call Option
Breakeven Point	Stock Price when long call value is equal to net debit.	Price of Features - Call Premium + Put Premium

BULL CALENDER SPREAD Vs THE COLLAR - Risk & Reward

	BULL CALENDER SPREAD	THE COLLAR
Maximum Profit Scenario	You have unlimited profit potential to the upside.	Strike Price of Short Call - Purchase Price of Underlying + Net Premium Received
Maximum Loss Scenario	Max Loss = Premium Paid + Commissions Paid	Purchase Price of Underlying - Strike Price of Long Put - Net Premium Received
Risk	Limited	Limited
Reward	Unlimited	Limited

BULL CALENDER SPREAD Vs THE COLLAR - Strategy Pros & Cons

	BULL CALENDER SPREAD	THE COLLAR
Similar Strategies	The Collar, Bull Put Spread	Call Spread, Bull Put Spread
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.	• Limited profit. • A trader can book more profit without this strategy if the prices goes high.
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.	• This strategy protects the losses on underlying asset. • Risk gets limited if the price of the stocks goes down. • Trader can get ownership benefits life dividend and voting rights.