CHRISTMAS TREE SPREAD WITH PUT OPTION	BULL CALENDER 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 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..

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

	CHRISTMAS TREE SPREAD WITH PUT OPTION	BULL CALENDER SPREAD
Market View	Bearish	Bullish
Type (CE/PE)	CE (Call Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	6	2
Strategy Level	Advance	Beginners
Reward Profile	Limited	Unlimited
Risk Profile	Limited	Limited
Breakeven Point	Lowest strike prices + the half premium – premium paid	Stock Price when long call value is equal to net debit.

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

	CHRISTMAS TREE SPREAD WITH PUT OPTION	BULL CALENDER SPREAD
Market View	Bearish	Bullish
When to use?	This Strategy is used when an investor wants potential returns.	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.
Action	Buying one ATM, Selling 3 Puts, Buying one more OTM Put	Sell 1 Near-Term OTM Call, Buy 1 Long-Term OTM Call
Breakeven Point	Lowest strike prices + the half premium – premium paid	Stock Price when long call value is equal to net debit.

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

	CHRISTMAS TREE SPREAD WITH PUT OPTION	BULL CALENDER SPREAD
Maximum Profit Scenario	Equal middle strike price – higher strike price – the premium	You have unlimited profit potential to the upside.
Maximum Loss Scenario	Net Debit paid for the strategy.	Max Loss = Premium Paid + Commissions Paid
Risk	Limited	Limited
Reward	Limited	Unlimited

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

	CHRISTMAS TREE SPREAD WITH PUT OPTION	BULL CALENDER SPREAD
Similar Strategies	Butterfly spreads	The Collar, Bull Put Spread
Disadvantage	• Potential profit is lower or limited.	• Limited profit even if underlying asset rallies. • If the short call options are assigned when the underlying asset rallies then losses can be sustained.
Advantages	• The potential of loss is limited.	• 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.