PUT BACKSPREAD	IRON CONDORS
About Strategy	Put Backspread Option Strategy If the trader is bearish on market and bullish in volatility, he will implement this strategy. However the trader can be neutral in nature i.e. indifferent if the market moves in either of the direction, this strategy will make profits, but uptrend will give a capped income than downtrend which will give unlimited returns. 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..

PUT BACKSPREAD Vs IRON CONDORS - Details

	PUT BACKSPREAD	IRON CONDORS
Market View	Bearish	Neutral
Type (CE/PE)	PE (Put Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	2	4
Strategy Level	Advance	Advance
Reward Profile		Limited
Risk Profile		Limited
Breakeven Point		Upper Breakeven Point = Strike Price of Short Call + Net Premium Received, Lower Breakeven Point = Strike Price of Short Put - Net Premium Received

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

	PUT BACKSPREAD	IRON CONDORS
Market View	Bearish	Neutral
When to use?		When a trader tries to make profit from low volatility in the price of the underlying asset.
Action		Sell 1 OTM Put, Buy 1 OTM Put (Lower Strike), Sell 1 OTM Call, Buy 1 OTM Call (Higher Strike)
Breakeven Point		Upper Breakeven Point = Strike Price of Short Call + Net Premium Received, Lower Breakeven Point = Strike Price of Short Put - Net Premium Received

PUT BACKSPREAD Vs IRON CONDORS - Risk & Reward

	PUT BACKSPREAD	IRON CONDORS
Maximum Profit Scenario		Net Premium Received - Commissions Paid
Maximum Loss Scenario		Strike Price of Long Call - Strike Price of Short Call - Net Premium Received + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Limited

PUT BACKSPREAD Vs IRON CONDORS - Strategy Pros & Cons

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