PUT BACKSPREAD	NEUTRAL CALENDAR SPREAD
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..	Neutral Calendar Spread Option strategy  This strategy is implemented if the trader is neutral in the near future for say 2 months or so. This strategy involves writing of Near Month 1 ATM Call Option and buying 1 Mid Month ATM Call Option, hence reducing the cost of purchase, with the same strike price of the same underlying asset. This strategy is used when the trader wants to make money from the .. Read more..

PUT BACKSPREAD Vs NEUTRAL CALENDAR SPREAD - Details

	PUT BACKSPREAD	NEUTRAL CALENDAR SPREAD
Market View	Bearish	Neutral
Type (CE/PE)	PE (Put Option)	CE (Call Option)
Number Of Positions	2	2
Strategy Level	Advance	Beginners
Reward Profile		Limited
Risk Profile		Limited
Breakeven Point		-

PUT BACKSPREAD Vs NEUTRAL CALENDAR SPREAD - When & How to use ?

	PUT BACKSPREAD	NEUTRAL CALENDAR SPREAD
Market View	Bearish	Neutral
When to use?		This strategy is implemented if the trader is neutral in the near future for say 2 months or so. This strategy involves writing of Near Month 1 ATM Call Option and buying 1 Mid Month ATM Call Option.
Action		Sell 1 Near-Term ATM Call, Buy 1 Long-Term ATM Call
Breakeven Point		-

PUT BACKSPREAD Vs NEUTRAL CALENDAR SPREAD - Risk & Reward

	PUT BACKSPREAD	NEUTRAL CALENDAR SPREAD
Maximum Profit Scenario		Maximum Profit Limited When underlying stock price remains unchanged on expiration of the near month options.
Maximum Loss Scenario		It occurs when the stock price goes down and stays down until expiration of the longer term options.
Risk	Limited	Limited
Reward	Unlimited	Limited

PUT BACKSPREAD Vs NEUTRAL CALENDAR SPREAD - Strategy Pros & Cons

	PUT BACKSPREAD	NEUTRAL CALENDAR SPREAD
Similar Strategies		Long Put Butterfly, Iron Butterfly
Disadvantage		• Lower profitability • Must have enough experience.
Advantages		• Almost zero margin required. • Ability to profit from time decay, limited risk. • This strategy allows you to transform position into long position.