RATIO PUT WRITE	NEUTRAL CALENDAR SPREAD
About Strategy	Ratio Put Write Option Strategy  This strategy is implemented by selling (short) the underlying asset in the cash/futures market. Simultaneously, sell ATM Puts double the number of long quantity. This strategy is used by a trader who in neutral on the market and bearish on the volatility in the near future. Here profits will be capped up to the premium amount and risk will be potentially unlimited. Read more..	Neutral Calendar Spread Option strategy  This strategy is implemented if the trader is neutral in the near future for say 2 months or so. This strategy involves writing of Near Month 1 ATM Call Option and buying 1 Mid Month ATM Call Option, hence reducing the cost of purchase, with the same strike price of the same underlying asset. This strategy is used when the trader wants to make money from the .. Read more..

RATIO PUT WRITE Vs NEUTRAL CALENDAR SPREAD - Details

	RATIO PUT WRITE	NEUTRAL CALENDAR SPREAD
Market View	Neutral	Neutral
Type (CE/PE)	PE (Put Option)	CE (Call Option)
Number Of Positions	2	2
Strategy Level	Beginners	Beginners
Reward Profile	Max Profit Achieved When Price of Underlying = Strike Price of Short Puts	Limited
Risk Profile	Loss Occurs When Price of Underlying < Strike Price of Short Put - Net Premium Received OR Price of Underlying > Strike Price of Short Put + Net Premium Received	Limited
Breakeven Point	Upper Breakeven Point = Strike Price of Short Puts + Points of Maximum Profit Lower Breakeven Point = Strike Price of Short Puts - Points of Maximum Profit	-

RATIO PUT WRITE Vs NEUTRAL CALENDAR SPREAD - When & How to use ?

	RATIO PUT WRITE	NEUTRAL CALENDAR SPREAD
Market View	Neutral	Neutral
When to use?	This strategy is implemented by selling (short) the underlying asset in the cash/futures market. This strategy is used by a trader who in neutral on the market and bearish on the volatility in the near future	This strategy is implemented if the trader is neutral in the near future for say 2 months or so. This strategy involves writing of Near Month 1 ATM Call Option and buying 1 Mid Month ATM Call Option.
Action	Sell 2 ATM Puts	Sell 1 Near-Term ATM Call, Buy 1 Long-Term ATM Call
Breakeven Point	Upper Breakeven Point = Strike Price of Short Puts + Points of Maximum Profit Lower Breakeven Point = Strike Price of Short Puts - Points of Maximum Profit	-

RATIO PUT WRITE Vs NEUTRAL CALENDAR SPREAD - Risk & Reward

	RATIO PUT WRITE	NEUTRAL CALENDAR SPREAD
Maximum Profit Scenario	Net Premium Received - Commissions Paid	Maximum Profit Limited When underlying stock price remains unchanged on expiration of the near month options.
Maximum Loss Scenario	Price of Underlying - Sale Price of Underlying - Net Premium Received OR Strike Price of Short Put - Price of Underlying - Net Premium Received + Commissions Paid	It occurs when the stock price goes down and stays down until expiration of the longer term options.
Risk	Unlimited	Limited
Reward	Limited	Limited

RATIO PUT WRITE Vs NEUTRAL CALENDAR SPREAD - Strategy Pros & Cons

	RATIO PUT WRITE	NEUTRAL CALENDAR SPREAD
Similar Strategies	Short Strangle and Short Straddle	Long Put Butterfly, Iron Butterfly
Disadvantage	• Potential loss is higher than gain. • Limited profit.	• Lower profitability • Must have enough experience.
Advantages		• Almost zero margin required. • Ability to profit from time decay, limited risk. • This strategy allows you to transform position into long position.