CHRISTMAS TREE SPREAD WITH PUT OPTION	MARRIED PUT
About Strategy	Christmas Tree Spread with Puts Option Strategy This Strategy is an advance option strategy that consists of three legs and six total options. In this strategy buying one put at strike price D, skipping strike price C, writes three calls at strike price B, and buying two calls at strike price A for same expiration dates for neutral to bearish forecast. An investor used this strategy to potential returns Read more..	Married Put Option Strategy This strategy is applied when trader goes long on the underlying asset i.e. he buys the stock in cash market. He has a bullish view and expects the market to rise in the near future, but simultaneously has the fear of downward movement of the markets. In order to cover his position from vulnerabilities he buys one ATM Put Option of the same underlying asset. Here, a trader wi .. Read more..

CHRISTMAS TREE SPREAD WITH PUT OPTION Vs MARRIED PUT - Details

	CHRISTMAS TREE SPREAD WITH PUT OPTION	MARRIED PUT
Market View	Bearish	Bullish
Type (CE/PE)	CE (Call Option)	PE (Put Option)
Number Of Positions	6	1
Strategy Level	Advance	Beginners
Reward Profile	Limited	Unlimited
Risk Profile	Limited	Limited
Breakeven Point	Lowest strike prices + the half premium – premium paid	Purchase Price of Underlying + Premium Paid

CHRISTMAS TREE SPREAD WITH PUT OPTION Vs MARRIED PUT - When & How to use ?

	CHRISTMAS TREE SPREAD WITH PUT OPTION	MARRIED PUT
Market View	Bearish	Bullish
When to use?	This Strategy is used when an investor wants potential returns.	This Strategy work when the investor goes long in any stock. He expects the rise in market in future.
Action	Buying one ATM, Selling 3 Puts, Buying one more OTM Put	Buy 250 XYZ Shares, Buy 1 ATM Put Option
Breakeven Point	Lowest strike prices + the half premium – premium paid	Purchase Price of Underlying + Premium Paid

CHRISTMAS TREE SPREAD WITH PUT OPTION Vs MARRIED PUT - Risk & Reward

	CHRISTMAS TREE SPREAD WITH PUT OPTION	MARRIED PUT
Maximum Profit Scenario	Equal middle strike price – higher strike price – the premium	Profit = Price of Underlying - Purchase Price of Underlying - Premium Paid
Maximum Loss Scenario	Net Debit paid for the strategy.	Max Loss = Premium Paid + Commissions Paid
Risk	Limited	Limited
Reward	Limited	Unlimited

CHRISTMAS TREE SPREAD WITH PUT OPTION Vs MARRIED PUT - Strategy Pros & Cons

	CHRISTMAS TREE SPREAD WITH PUT OPTION	MARRIED PUT
Similar Strategies	Butterfly spreads	Long Call
Disadvantage	• Potential profit is lower or limited.	Cost of the put options eats into profit margin.
Advantages	• The potential of loss is limited.	Unlimited Profit and Limited Risk