PROTECTIVE COLLAR	LONG CALL CONDOR SPREAD
About Strategy	Protective Collar Strategy This Strategy is implemented when the investor requires downside protection for the short - to medium term but at lower cost. Buying protective puts can be an expensive proposition and writing OTM calls can defray the cost of the puts quite substantially. Protective Collar is considered as bearish to neutral strategy. In this strategy risk and reward is both are limited. This Read more..	Long Call Condor Spread Option Strategy  This strategy is implemented when a trader is bearish on the volatility and expects the market to move sideways. Using Call Options of the same expiry date, he will buy one Deep ITM Call Option, sell 1 ITM Call Option, sell 1 OTM Call Option, buy 1 Deep OTM Call Option. The risk and reward both are limited due to offsetting of long and short positions. For t .. Read more..

PROTECTIVE COLLAR Vs LONG CALL CONDOR SPREAD - Details

	PROTECTIVE COLLAR	LONG CALL CONDOR SPREAD
Market View	Neutral	Neutral
Type (CE/PE)	CE (Call Option) + PE (Put Option)	CE (Call Option)
Number Of Positions	2	4
Strategy Level	Beginners	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Purchase Price of Underlying + Net Premium Paid	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

PROTECTIVE COLLAR Vs LONG CALL CONDOR SPREAD - When & How to use ?

	PROTECTIVE COLLAR	LONG CALL CONDOR SPREAD
Market View	Neutral	Neutral
When to use?	This Strategy is implemented when the investor requires downside protection for the short - to medium term but at lower cost.	This strategy works well when you expect the price of the underlying asset to be range bound in the coming days.
Action	• Short 1 Call Option, • Long 1 Put Option	Buy Deep ITM Call Option, Buy Deep OTM Call Option, Sell ITM Call Option, Sell OTM Call Option
Breakeven Point	Purchase Price of Underlying + Net Premium Paid	Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium

PROTECTIVE COLLAR Vs LONG CALL CONDOR SPREAD - Risk & Reward

	PROTECTIVE COLLAR	LONG CALL CONDOR SPREAD
Maximum Profit Scenario	• Call strike - stock purchase price - net premium paid + net credit received	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid
Maximum Loss Scenario	• Stock purchase price - put strike - net premium paid - put strike + net credit received	Net Premium Paid
Risk	Limited	Limited
Reward	Limited	Limited

PROTECTIVE COLLAR Vs LONG CALL CONDOR SPREAD - Strategy Pros & Cons

	PROTECTIVE COLLAR	LONG CALL CONDOR SPREAD
Similar Strategies	Bull Put Spread, Bull Call Spread	Long Put Butterfly, Short Call Condor, Short Strangle
Disadvantage	• Potential profit is lower or limited.	• Amount of profit is comparatively low. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.
Advantages	The Risk is limited.	• Capable to generate profit even if there is low volatility in the market. • This strategy is associated with limited risk and limited profit. • Wider profit zone.