BULL CALENDER SPREAD	BEAR PUT SPREAD
About Strategy	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..	Bear Put Spread Option Strategy  When a trader is moderately bearish on the market he can implement this strategy. Bear-Put-Spread involves buying of ITM Put Option and selling of an OTM Put Option. If prices fall, the ITM Put option starts making profits and the OTM Put option also adds to profit at a certain extent if the expiry price stays above the OTM strike. However, if it falls below the OTM .. Read more..

BULL CALENDER SPREAD Vs BEAR PUT SPREAD - Details

	BULL CALENDER SPREAD	BEAR PUT SPREAD
Market View	Bullish	Bearish
Type (CE/PE)	CE (Call Option) + PE (Put Option)	PE (Put Option)
Number Of Positions	2	2
Strategy Level	Beginners	Advance
Reward Profile	Unlimited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Stock Price when long call value is equal to net debit.	Strike Price of Long Put - Net Premium

BULL CALENDER SPREAD Vs BEAR PUT SPREAD - When & How to use ?

	BULL CALENDER SPREAD	BEAR PUT SPREAD
Market View	Bullish	Bearish
When to use?	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.	The bear call spread options strategy is used when you are bearish in market view. The strategy minimizes your risk in the event of prime movements going against your expectations.
Action	Sell 1 Near-Term OTM Call, Buy 1 Long-Term OTM Call	Buy ITM Put Option, Sell OTM Put Option
Breakeven Point	Stock Price when long call value is equal to net debit.	Strike Price of Long Put - Net Premium

BULL CALENDER SPREAD Vs BEAR PUT SPREAD - Risk & Reward

	BULL CALENDER SPREAD	BEAR PUT SPREAD
Maximum Profit Scenario	You have unlimited profit potential to the upside.	Max Profit = Strike Price of Long Put - Strike Price of Short Put - Net Premium Paid.
Maximum Loss Scenario	Max Loss = Premium Paid + Commissions Paid	Max Loss = Net Premium Paid.
Risk	Limited	Limited
Reward	Unlimited	Limited

BULL CALENDER SPREAD Vs BEAR PUT SPREAD - Strategy Pros & Cons

	BULL CALENDER SPREAD	BEAR PUT SPREAD
Similar Strategies	The Collar, Bull Put Spread	Bear Call Spread, Bull Call Spread
Disadvantage	• Limited profit even if underlying asset rallies. • If the short call options are assigned when the underlying asset rallies then losses can be sustained.	• Limited profit. • Early assignment risk.
Advantages	• 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.	• If the strike price, expiration date or underlying stocks are rightly chosen then risk of losses would be limited to the net premium paid. • This strategy works well in declining markets. • Limited risk.