REVERSE IRON BUTTERFLY	SYNTHETIC LONG CALL
About Strategy	Reverse Iron Butterfly Option Strategy Reverse Iron Butterfly as the name suggests is the opposite of Iron Butterfly. In Reverse Iron Butterfly, a trader is bullish on volatility and expects the market to make significant move in the near future in either directions. Here a trader will buy 1 ATM Call Option, sell 1 OTM Call Option, buy 1 ATM Put Option, sell 1 OTM Put Option. This strategy also bags lim Read more..	Synthetic Long Call Option Strategy A trader is bullish in nature for short term, but also fearful about the downside risk associated with it. Here, a trader wants to hold an underlying asset either in physical form like in case of commodities or demat (electronic) form in case of stocks. But he is always exposed to downside risk and in order to mitigate his losses, .. Read more..

REVERSE IRON BUTTERFLY Vs SYNTHETIC LONG CALL - Details

	REVERSE IRON BUTTERFLY	SYNTHETIC LONG CALL
Market View	Neutral	Bullish
Type (CE/PE)	CE (Call Option) + PE (Put Option)	CE (Call Option)
Number Of Positions	4	2
Strategy Level	Advance	Beginners
Reward Profile	Limited	When Price of Underlying > Purchase Price of Underlying + Premium Paid
Risk Profile	Limited	Limited (Maximum loss happens when the price of instrument move above from the strike price of put)
Breakeven Point	Upper Breakeven Point = Strike Price of Long Call + Net Premium Paid, Lower Breakeven Point = Strike Price of Long Put - Net Premium Paid	Underlying Price + Put Premium

REVERSE IRON BUTTERFLY Vs SYNTHETIC LONG CALL - When & How to use ?

	REVERSE IRON BUTTERFLY	SYNTHETIC LONG CALL
Market View	Neutral	Bullish
When to use?	This strategy is used when a trader is bullish on volatility and expects the market to make significant move in the near future in either directions.	A trader is bullish in nature for short term, but also fearful about the downside risk associated with it.
Action	Sell 1 OTM Put, Buy 1 ATM Put, Buy 1 ATM Call, Sell 1 OTM Call	Buy 1 ATM Put or OTM Put
Breakeven Point	Upper Breakeven Point = Strike Price of Long Call + Net Premium Paid, Lower Breakeven Point = Strike Price of Long Put - Net Premium Paid	Underlying Price + Put Premium

REVERSE IRON BUTTERFLY Vs SYNTHETIC LONG CALL - Risk & Reward

	REVERSE IRON BUTTERFLY	SYNTHETIC LONG CALL
Maximum Profit Scenario	Strike Price of Short Call (or Long Put) - Strike Price of Long Call (or Short Put) - Net Premium Paid - Commissions Paid	Current Price - Purchase Price - Premium Paid
Maximum Loss Scenario	Net Premium Paid + Commissions Paid	Premium Paid
Risk	Limited	Limited
Reward	Limited	Unlimited

REVERSE IRON BUTTERFLY Vs SYNTHETIC LONG CALL - Strategy Pros & Cons

	REVERSE IRON BUTTERFLY	SYNTHETIC LONG CALL
Similar Strategies	Short Put Butterfly, Short Condor	Protective Put, Long Call
Disadvantage	• Potential loss is higher than gain, complex strategy. • Not suitable for beginners.	•Chances of loss if the underlying goes down. •Incur losses if option is exercised.
Advantages	• Able to profit whether stocks move in either direction up or down. • This strategy can be used by option traders who cannot use credit spreads. • Predictable maximum loss and profits, volatile strategy.	•Limited risk, unlimited profit. •Protection to your long-term holdings. • Limited loss to the to the premium paid for Put option.