BULL CALENDER SPREAD	PUT BACKSPREAD
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..	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..

BULL CALENDER SPREAD Vs PUT BACKSPREAD - Details

	BULL CALENDER SPREAD	PUT BACKSPREAD
Market View	Bullish	Bearish
Type (CE/PE)	CE (Call Option) + PE (Put Option)	PE (Put Option)
Number Of Positions	2	2
Strategy Level	Beginners	Advance
Reward Profile	Unlimited
Risk Profile	Limited
Breakeven Point	Stock Price when long call value is equal to net debit.

BULL CALENDER SPREAD Vs PUT BACKSPREAD - When & How to use ?

	BULL CALENDER SPREAD	PUT BACKSPREAD
Market View	Bullish	Bearish
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.
Action	Sell 1 Near-Term OTM Call, Buy 1 Long-Term OTM Call
Breakeven Point	Stock Price when long call value is equal to net debit.

BULL CALENDER SPREAD Vs PUT BACKSPREAD - Risk & Reward

	BULL CALENDER SPREAD	PUT BACKSPREAD
Maximum Profit Scenario	You have unlimited profit potential to the upside.
Maximum Loss Scenario	Max Loss = Premium Paid + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Unlimited

BULL CALENDER SPREAD Vs PUT BACKSPREAD - Strategy Pros & Cons

	BULL CALENDER SPREAD	PUT BACKSPREAD
Similar Strategies	The Collar, Bull Put Spread
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.
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.