STRAP	SHORT CALL CONDOR SPREAD
About Strategy	Strap Option Strategy  Strap Strategy is similar to Long Straddle, the only difference is the quantity traded. A trader will buy two Call Options and one Put Options. In this strategy, a trader is very bullish on the market and volatility on upside but wants to hedge himself in case the stock doesn’t perform as per his expectations. This strategy will make more profits compared to long straddle sin 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..

STRAP Vs SHORT CALL CONDOR SPREAD - Details

	STRAP	SHORT CALL CONDOR SPREAD
Market View	Neutral	Volatile
Type (CE/PE)	CE (Call Option) + PE (Put Option)	CE (Call Option)
Number Of Positions	3	4
Strategy Level	Beginners	Advance
Reward Profile	Profit Achieved When Price of Underlying > Strike Price of Calls/Puts + (Net Premium Paid/2) OR Price of Underlying < Strike Price of Calls/Puts - Net Premium Paid	Limited
Risk Profile	Max Loss Occurs When Price of Underlying = Strike Price of Calls/Puts	Limited
Breakeven Point	Strike Price of Calls/Puts + (Net Premium Paid/2)	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium

STRAP Vs SHORT CALL CONDOR SPREAD - When & How to use ?

	STRAP	SHORT CALL CONDOR SPREAD
Market View	Neutral	Volatile
When to use?	This strategy is used when the investor is bullish on the stock and expects volatility in the near future.	This strategy is used when an investor expect the price of the underlying stock to be very volatile.
Action	Buy 2 ATM Call Option, Buy 1 ATM Put Option	Buy ITM Call Option + Buy OTM Call Option + Sell Deep OTM Call Option + Sell Deep ITM Call Option
Breakeven Point	Strike Price of Calls/Puts + (Net Premium Paid/2)	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium

STRAP Vs SHORT CALL CONDOR SPREAD - Risk & Reward

	STRAP	SHORT CALL CONDOR SPREAD
Maximum Profit Scenario	UNLIMITED	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid
Maximum Loss Scenario	Net Premium Paid	Strike Price of Lower Strike Long Call - Strike Price of Lower Strike Short Call - Net Premium Received + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Limited

STRAP Vs SHORT CALL CONDOR SPREAD - Strategy Pros & Cons

	STRAP	SHORT CALL CONDOR SPREAD
Similar Strategies	Strip, Short Put Ladder, Short Call Ladder	Short Strangle
Disadvantage	• To generate profit, there should be significant change in share price. • Expensive strategy.	• 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	• Limited loss. • If share prices are moving then traders can book unlimited profit. • A trader can still book profit if the underlying falls substantially.	• 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.