REVERSE IRON BUTTERFLY	BEAR PUT SPREAD
About Strategy	Reverse Iron Butterfly Option Strategy Reverse Iron Butterfly as the name suggests is the opposite of Iron Butterfly. In Reverse Iron Butterfly, a trader is bullish on volatility and expects the market to make significant move in the near future in either directions. Here a trader will buy 1 ATM Call Option, sell 1 OTM Call Option, buy 1 ATM Put Option, sell 1 OTM Put Option. This strategy also bags lim Read more..	Bear Put Spread Option Strategy  When a trader is moderately bearish on the market he can implement this strategy. Bear-Put-Spread involves buying of ITM Put Option and selling of an OTM Put Option. If prices fall, the ITM Put option starts making profits and the OTM Put option also adds to profit at a certain extent if the expiry price stays above the OTM strike. However, if it falls below the OTM .. Read more..

REVERSE IRON BUTTERFLY Vs BEAR PUT SPREAD - Details

	REVERSE IRON BUTTERFLY	BEAR PUT SPREAD
Market View	Neutral	Bearish
Type (CE/PE)	CE (Call Option) + PE (Put Option)	PE (Put Option)
Number Of Positions	4	2
Strategy Level	Advance	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Upper Breakeven Point = Strike Price of Long Call + Net Premium Paid, Lower Breakeven Point = Strike Price of Long Put - Net Premium Paid	Strike Price of Long Put - Net Premium

REVERSE IRON BUTTERFLY Vs BEAR PUT SPREAD - When & How to use ?

	REVERSE IRON BUTTERFLY	BEAR PUT SPREAD
Market View	Neutral	Bearish
When to use?	This strategy is used when a trader is bullish on volatility and expects the market to make significant move in the near future in either directions.	The bear call spread options strategy is used when you are bearish in market view. The strategy minimizes your risk in the event of prime movements going against your expectations.
Action	Sell 1 OTM Put, Buy 1 ATM Put, Buy 1 ATM Call, Sell 1 OTM Call	Buy ITM Put Option, Sell OTM Put Option
Breakeven Point	Upper Breakeven Point = Strike Price of Long Call + Net Premium Paid, Lower Breakeven Point = Strike Price of Long Put - Net Premium Paid	Strike Price of Long Put - Net Premium

REVERSE IRON BUTTERFLY Vs BEAR PUT SPREAD - Risk & Reward

	REVERSE IRON BUTTERFLY	BEAR PUT SPREAD
Maximum Profit Scenario	Strike Price of Short Call (or Long Put) - Strike Price of Long Call (or Short Put) - Net Premium Paid - Commissions Paid	Max Profit = Strike Price of Long Put - Strike Price of Short Put - Net Premium Paid.
Maximum Loss Scenario	Net Premium Paid + Commissions Paid	Max Loss = Net Premium Paid.
Risk	Limited	Limited
Reward	Limited	Limited

REVERSE IRON BUTTERFLY Vs BEAR PUT SPREAD - Strategy Pros & Cons

	REVERSE IRON BUTTERFLY	BEAR PUT SPREAD
Similar Strategies	Short Put Butterfly, Short Condor	Bear Call Spread, Bull Call Spread
Disadvantage	• Potential loss is higher than gain, complex strategy. • Not suitable for beginners.	• Limited profit. • Early assignment risk.
Advantages	• Able to profit whether stocks move in either direction up or down. • This strategy can be used by option traders who cannot use credit spreads. • Predictable maximum loss and profits, volatile strategy.	• If the strike price, expiration date or underlying stocks are rightly chosen then risk of losses would be limited to the net premium paid. • This strategy works well in declining markets. • Limited risk.