CHRISTMAS TREE SPREAD WITH PUT OPTION	SHORT CALL CONDOR SPREAD
About Strategy	Christmas Tree Spread with Puts Option Strategy This Strategy is an advance option strategy that consists of three legs and six total options. In this strategy buying one put at strike price D, skipping strike price C, writes three calls at strike price B, and buying two calls at strike price A for same expiration dates for neutral to bearish forecast. An investor used this strategy to potential returns Read more..	Short Call Condor Spread Option Strategy Short Call Condor Spread is the opposite of Long Call Condor Spread i.e. sell 1 Deep ITM Call Option, buy 1 ITM Call Option, buy 1 OTM Call Option, sell 1 Deep OTM Call Option. Similar to Long Call Condor, the risk and rewards associated with this strategy are limited. Credit is received at the time of entering into this strategy. Read more..

CHRISTMAS TREE SPREAD WITH PUT OPTION Vs SHORT CALL CONDOR SPREAD - Details

	CHRISTMAS TREE SPREAD WITH PUT OPTION	SHORT CALL CONDOR SPREAD
Market View	Bearish	Volatile
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	6	4
Strategy Level	Advance	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Lowest strike prices + the half premium – premium paid	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium

CHRISTMAS TREE SPREAD WITH PUT OPTION Vs SHORT CALL CONDOR SPREAD - When & How to use ?

	CHRISTMAS TREE SPREAD WITH PUT OPTION	SHORT CALL CONDOR SPREAD
Market View	Bearish	Volatile
When to use?	This Strategy is used when an investor wants potential returns.	This strategy is used when an investor expect the price of the underlying stock to be very volatile.
Action	Buying one ATM, Selling 3 Puts, Buying one more OTM Put	Buy ITM Call Option + Buy OTM Call Option + Sell Deep OTM Call Option + Sell Deep ITM Call Option
Breakeven Point	Lowest strike prices + the half premium – premium paid	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium

CHRISTMAS TREE SPREAD WITH PUT OPTION Vs SHORT CALL CONDOR SPREAD - Risk & Reward

	CHRISTMAS TREE SPREAD WITH PUT OPTION	SHORT CALL CONDOR SPREAD
Maximum Profit Scenario	Equal middle strike price – higher strike price – the premium	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid
Maximum Loss Scenario	Net Debit paid for the strategy.	Strike Price of Lower Strike Long Call - Strike Price of Lower Strike Short Call - Net Premium Received + Commissions Paid
Risk	Limited	Limited
Reward	Limited	Limited

CHRISTMAS TREE SPREAD WITH PUT OPTION Vs SHORT CALL CONDOR SPREAD - Strategy Pros & Cons

	CHRISTMAS TREE SPREAD WITH PUT OPTION	SHORT CALL CONDOR SPREAD
Similar Strategies	Butterfly spreads	Short Strangle
Disadvantage	• Potential profit is lower or limited.	• Amount of profit is low in comparison with other strategies. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.
Advantages	• The potential of loss is limited.	• This strategy allows you to profit from highly volatile underlying assets moving in any direction. • Earn profit with little or no investment. • Wider profit zone.