CALL BACKSPREAD	IRON CONDORS
About Strategy	Call Backspread Option Trading  This strategy is adopted by traders who are bullish in nature. He expects market and volatility to rise in the near future. A trader need not be direction specific here (i.e. an upward or downward trend, but a small bias towards an uptrend should always be present, as the gains will be much higher once the market moves up r Read more..	Iron Condors Option Strategy Iron Condor is a neutral trading strategy. A trader tries to make profit from low volatility in the price of the underlying asset. This strategy will be better understood if you recall ‘Bull Put Spread’ & ‘Bear Call Spread’. A trader will buy one Deep OTM Put Option and sell one OTM Put Option,. He will also sell one OTM Call Option and buy one Deep OTM Call Option. .. Read more..

CALL BACKSPREAD Vs IRON CONDORS - Details

	CALL BACKSPREAD	IRON CONDORS
Market View	Bullish	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	3	4
Strategy Level	Advance	Advance
Reward Profile	Unlimited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Lower breakeven = strike price of the short call, Upper breakeven = strike price of long calls + point of maximum loss	Upper Breakeven Point = Strike Price of Short Call + Net Premium Received, Lower Breakeven Point = Strike Price of Short Put - Net Premium Received

CALL BACKSPREAD Vs IRON CONDORS - When & How to use ?

	CALL BACKSPREAD	IRON CONDORS
Market View	Bullish	Neutral
When to use?	This strategy is used when the investor expects the price of the stock to rise in the future.	When a trader tries to make profit from low volatility in the price of the underlying asset.
Action	Sell 1 ITM Call, BUY 2 OTM Call	Sell 1 OTM Put, Buy 1 OTM Put (Lower Strike), Sell 1 OTM Call, Buy 1 OTM Call (Higher Strike)
Breakeven Point	Lower breakeven = strike price of the short call, Upper breakeven = strike price of long calls + point of maximum loss	Upper Breakeven Point = Strike Price of Short Call + Net Premium Received, Lower Breakeven Point = Strike Price of Short Put - Net Premium Received

CALL BACKSPREAD Vs IRON CONDORS - Risk & Reward

	CALL BACKSPREAD	IRON CONDORS
Maximum Profit Scenario	Unlimited profit potential if the stock goes in upward direction.	Net Premium Received - Commissions Paid
Maximum Loss Scenario	Strike Price of long call - Strike Price of short call - Net premium received	Strike Price of Long Call - Strike Price of Short Call - Net Premium Received + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Limited

CALL BACKSPREAD Vs IRON CONDORS - Strategy Pros & Cons

	CALL BACKSPREAD	IRON CONDORS
Similar Strategies	-	Long Put Butterfly, Neutral Calendar Spread
Disadvantage		• Full of risk. • Unlimited maximum loss.
Advantages	• Unlimited profit potential.	• Chance to gather double premium. • Sure, maximum gains on one-half the trade. • Flexible and double leverage at half price.