BULL CALENDER SPREAD	SHORT CALL LADDER
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..	Short Call Ladder Option Strategy  This strategy is implemented when a trader is moderately bullish on the market, and volatility. It involves sale of an ITM Call Option, buying of an ATM Call Option & OTM Call Option. The risk associated with the strategy is limited. Risk: Read more..

BULL CALENDER SPREAD Vs SHORT CALL LADDER - Details

	BULL CALENDER SPREAD	SHORT CALL LADDER
Market View	Bullish	Neutral
Type (CE/PE)	CE (Call Option) + PE (Put Option)	CE (Call Option)
Number Of Positions	2	3
Strategy Level	Beginners	Advance
Reward Profile	Unlimited	Unlimited
Risk Profile	Limited	Limited
Breakeven Point	Stock Price when long call value is equal to net debit.	Upper Breakeven Point = Total Strike Prices of Long Calls - Strike Price of Short Call + Net Premium Received Lower Breakeven Point = Strike Price of Short Call - Net Premium Received

BULL CALENDER SPREAD Vs SHORT CALL LADDER - When & How to use ?

	BULL CALENDER SPREAD	SHORT CALL LADDER
Market View	Bullish	Neutral
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.	This strategy is implemented when a trader is moderately bullish on the market, and volatility
Action	Sell 1 Near-Term OTM Call, Buy 1 Long-Term OTM Call	Sell 1 ITM Call, Buy 1 ATM Call, Buy 1 OTM Call
Breakeven Point	Stock Price when long call value is equal to net debit.	Upper Breakeven Point = Total Strike Prices of Long Calls - Strike Price of Short Call + Net Premium Received Lower Breakeven Point = Strike Price of Short Call - Net Premium Received

BULL CALENDER SPREAD Vs SHORT CALL LADDER - Risk & Reward

	BULL CALENDER SPREAD	SHORT CALL LADDER
Maximum Profit Scenario	You have unlimited profit potential to the upside.	Profit Achieved When Price of Underlying > Total Strike Prices of Long Calls - Strike Price of Short Call + Net Premium Received
Maximum Loss Scenario	Max Loss = Premium Paid + Commissions Paid	Strike Price of Lower Strike Long Call - Strike Price of Short Call - Net Premium Received + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Unlimited

BULL CALENDER SPREAD Vs SHORT CALL LADDER - Strategy Pros & Cons

	BULL CALENDER SPREAD	SHORT CALL LADDER
Similar Strategies	The Collar, Bull Put Spread	Short Put Ladder, Strip, Strap
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.	• Unlimited risk. • Margin required.
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.	• Higher probability of profit. • Unlimited upside profit. • Limited maximum loss.