CHRISTMAS TREE SPREAD WITH PUT OPTION	BULL PUT 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..	Bull Put Spread Option Strategy Bull Put Spread option trading strategy is used by a trader who is bullish in nature and expects the underlying asset to move in an upward trend in the near future. This strategy includes buying of an ‘Out of the Money’ Put Option and selling of ‘In the Money’ Put Option of the same underlying asset and the same expiration date. When you write a Put, you will receive prem .. Read more..

CHRISTMAS TREE SPREAD WITH PUT OPTION Vs BULL PUT SPREAD - Details

	CHRISTMAS TREE SPREAD WITH PUT OPTION	BULL PUT SPREAD
Market View	Bearish	Bullish
Type (CE/PE)	CE (Call Option)	PE (Put Option)
Number Of Positions	6	2
Strategy Level	Advance	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Lowest strike prices + the half premium – premium paid	Strike price of short put - net premium paid

CHRISTMAS TREE SPREAD WITH PUT OPTION Vs BULL PUT SPREAD - When & How to use ?

	CHRISTMAS TREE SPREAD WITH PUT OPTION	BULL PUT SPREAD
Market View	Bearish	Bullish
When to use?	This Strategy is used when an investor wants potential returns.	Bull Put Spread strategy is used when you're of the view that the price of a particular underlying will rise, move sideways, or marginally fall.
Action	Buying one ATM, Selling 3 Puts, Buying one more OTM Put	Buy OTM Put Option, Sell ITM Put Option
Breakeven Point	Lowest strike prices + the half premium – premium paid	Strike price of short put - net premium paid

CHRISTMAS TREE SPREAD WITH PUT OPTION Vs BULL PUT SPREAD - Risk & Reward

	CHRISTMAS TREE SPREAD WITH PUT OPTION	BULL PUT SPREAD
Maximum Profit Scenario	Equal middle strike price – higher strike price – the premium	Max Profit = Net Premium Received
Maximum Loss Scenario	Net Debit paid for the strategy.	Max Loss = (Strike Price Put 1 - Strike Price of Put 2) - Net Premium Received
Risk	Limited	Limited
Reward	Limited	Limited

CHRISTMAS TREE SPREAD WITH PUT OPTION Vs BULL PUT SPREAD - Strategy Pros & Cons

	CHRISTMAS TREE SPREAD WITH PUT OPTION	BULL PUT SPREAD
Similar Strategies	Butterfly spreads	Bull Call Spread, Bear Put Spread, Collar
Disadvantage	• Potential profit is lower or limited.	• Limited profit potential. • In loss situations, time decay may go against you.
Advantages	• The potential of loss is limited.	• Benefit from the time decay in profit positions but harmful in loss positions. • Profitable when underlying stock price rises, move sideways or marginal drop. • Reduce the downside risk.