PUT BACKSPREAD	LONG CALL LADDER
About Strategy	Put Backspread Option Strategy If the trader is bearish on market and bullish in volatility, he will implement this strategy. However the trader can be neutral in nature i.e. indifferent if the market moves in either of the direction, this strategy will make profits, but uptrend will give a capped income than downtrend which will give unlimited returns. Read more..	Long Call Ladder Option Strategy  Long Call Ladder Strategy is an extension to Bull Call Spread Strategy. A trader will be slightly bullish about the market, in this strategy but bearish over volatility. It involves buying of an ITM Call Option and sale of 1 ATM & 1 OTM Call Options. However, the risk associated with this strategy is unlimited and reward is limited. Read more..

PUT BACKSPREAD Vs LONG CALL LADDER - Details

	PUT BACKSPREAD	LONG CALL LADDER
Market View	Bearish	Neutral
Type (CE/PE)	PE (Put Option)	CE (Call Option)
Number Of Positions	2	3
Strategy Level	Advance	Advance
Reward Profile		Unlimited
Risk Profile		Unlimited
Breakeven Point		Upper Breakeven Point = Total Strike Prices of Short Calls - Strike Price of Long Call - Net Premium Paid, Lower Breakeven Point = Strike Price of Long Call + Net Premium Paid

PUT BACKSPREAD Vs LONG CALL LADDER - When & How to use ?

	PUT BACKSPREAD	LONG CALL LADDER
Market View	Bearish	Neutral
When to use?		This Strategy is an extension to Bull Call Spread Strategy. A trader will be slightly bullish about the market, in this strategy but bearish over volatility.
Action		Buy 1 ITM Call, Sell 1 ATM Call, Sell 1 OTM Call
Breakeven Point		Upper Breakeven Point = Total Strike Prices of Short Calls - Strike Price of Long Call - Net Premium Paid, Lower Breakeven Point = Strike Price of Long Call + Net Premium Paid

PUT BACKSPREAD Vs LONG CALL LADDER - Risk & Reward

	PUT BACKSPREAD	LONG CALL LADDER
Maximum Profit Scenario		Strike Price of Lower Strike Short Call - Strike Price of Long Call - Net Premium Paid - Commissions Paid
Maximum Loss Scenario		Price of Underlying - Upper Breakeven Price + Commissions Paid
Risk	Limited	Unlimited
Reward	Unlimited	Unlimited

PUT BACKSPREAD Vs LONG CALL LADDER - Strategy Pros & Cons

	PUT BACKSPREAD	LONG CALL LADDER
Similar Strategies		Short Strangle (Sell Strangle), Short Straddle (Sell Straddle)
Disadvantage		• Unlimited risk. • Margin required.
Advantages		• Reduces capital outlay of bull call spread. • Wider maximum profit zone. • When there is decrease in implied volatility, this strategy can give profit.