SHORT CALL CONDOR SPREAD	SYNTHETIC LONG CALL
About Strategy	Short Call Condor Spread Option Strategy Short Call Condor Spread is the opposite of Long Call Condor Spread i.e. sell 1 Deep ITM Call Option, buy 1 ITM Call Option, buy 1 OTM Call Option, sell 1 Deep OTM Call Option. Similar to Long Call Condor, the risk and rewards associated with this strategy are limited. Credit is received at the time of entering into this strategy. 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..

SHORT CALL CONDOR SPREAD Vs SYNTHETIC LONG CALL - Details

	SHORT CALL CONDOR SPREAD	SYNTHETIC LONG CALL
Market View	Volatile	Bullish
Type (CE/PE)	CE (Call 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	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium	Underlying Price + Put Premium

SHORT CALL CONDOR SPREAD Vs SYNTHETIC LONG CALL - When & How to use ?

	SHORT CALL CONDOR SPREAD	SYNTHETIC LONG CALL
Market View	Volatile	Bullish
When to use?	This strategy is used when an investor expect the price of the underlying stock to be very volatile.	A trader is bullish in nature for short term, but also fearful about the downside risk associated with it.
Action	Buy ITM Call Option + Buy OTM Call Option + Sell Deep OTM Call Option + Sell Deep ITM Call Option	Buy 1 ATM Put or OTM Put
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium	Underlying Price + Put Premium

SHORT CALL CONDOR SPREAD Vs SYNTHETIC LONG CALL - Risk & Reward

	SHORT CALL CONDOR SPREAD	SYNTHETIC LONG CALL
Maximum Profit Scenario	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid	Current Price - Purchase Price - Premium Paid
Maximum Loss Scenario	Strike Price of Lower Strike Long Call - Strike Price of Lower Strike Short Call - Net Premium Received + Commissions Paid	Premium Paid
Risk	Limited	Limited
Reward	Limited	Unlimited

SHORT CALL CONDOR SPREAD Vs SYNTHETIC LONG CALL - Strategy Pros & Cons

	SHORT CALL CONDOR SPREAD	SYNTHETIC LONG CALL
Similar Strategies	Short Strangle	Protective Put, Long Call
Disadvantage	• Amount of profit is low in comparison with other strategies. • As this strategy has 4 legs so the brokerage cost is higher that will affect your profit.	•Chances of loss if the underlying goes down. •Incur losses if option is exercised.
Advantages	• This strategy allows you to profit from highly volatile underlying assets moving in any direction. • Earn profit with little or no investment. • Wider profit zone.	•Limited risk, unlimited profit. •Protection to your long-term holdings. • Limited loss to the to the premium paid for Put option.