SHORT CALL CONDOR SPREAD	SHORT PUT
About Strategy	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..	Short Put Option Strategy A trader will short put if he is bullish in nature and expects the underlying asset not to fall below a certain level. Risk: Losses will be potentially unlimited if the stock skyrockets above the strike price of put. Read more..

SHORT CALL CONDOR SPREAD Vs SHORT PUT - Details

	SHORT CALL CONDOR SPREAD	SHORT PUT
Market View	Volatile	Bullish
Type (CE/PE)	CE (Call Option)	PE (Put Option)
Number Of Positions	4	1
Strategy Level	Advance	Beginners
Reward Profile	Limited	Limited
Risk Profile	Limited	Unlimited
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium	Strike Price - Premium

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

	SHORT CALL CONDOR SPREAD	SHORT PUT
Market View	Volatile	Bullish
When to use?	This strategy is used when an investor expect the price of the underlying stock to be very volatile.	This strategy works well when you're Bullish that the price of the underlying will not fall beyond a certain level.
Action	Buy ITM Call Option + Buy OTM Call Option + Sell Deep OTM Call Option + Sell Deep ITM Call Option	Sell Put Option
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium	Strike Price - Premium

SHORT CALL CONDOR SPREAD Vs SHORT PUT - Risk & Reward

	SHORT CALL CONDOR SPREAD	SHORT PUT
Maximum Profit Scenario	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid	Premium received in your account when you sell the Put Option.
Maximum Loss Scenario	Strike Price of Lower Strike Long Call - Strike Price of Lower Strike Short Call - Net Premium Received + Commissions Paid	Unlimited (When the price of the underlying falls.)
Risk	Limited	Unlimited
Reward	Limited	Limited

SHORT CALL CONDOR SPREAD Vs SHORT PUT - Strategy Pros & Cons

	SHORT CALL CONDOR SPREAD	SHORT PUT
Similar Strategies	Short Strangle	Bull Put Spread, Short Starddle
Disadvantage	• 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.	• Unlimited risk. • Huge losses if the price of the underlying stock falls steeply.
Advantages	• 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.	• Benefit from time decay. • Less capital required than buying the stock outright. • Profit when underlying stock price rise, move sideways or drop by a relatively small account.