BULL CALENDER SPREAD	BULL CALL SPREAD
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..	Bull Call Spread Option Strategy Bull Call Spread option trading strategy is used by a trader who is bullish in nature and expects the underlying asset to give decent returns in the near future. This strategy includes buying of an ‘In The Money’ Call Option and selling of ‘Deep Out Of the Money’ Call Option of the same underlying asset and the same expiration date. .. Read more..

BULL CALENDER SPREAD Vs BULL CALL SPREAD - Details

	BULL CALENDER SPREAD	BULL CALL SPREAD
Market View	Bullish	Bullish
Type (CE/PE)	CE (Call Option) + PE (Put Option)	CE (Call Option)
Number Of Positions	2	2
Strategy Level	Beginners	Beginners
Reward Profile	Unlimited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Stock Price when long call value is equal to net debit.	Strike price of purchased call + net premium paid

BULL CALENDER SPREAD Vs BULL CALL SPREAD - When & How to use ?

	BULL CALENDER SPREAD	BULL CALL SPREAD
Market View	Bullish	Bullish
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.	This strategy is used when an investor is Bullish in the market but expect the underlying to gain mildly in near future.
Action	Sell 1 Near-Term OTM Call, Buy 1 Long-Term OTM Call	Buy ITM Call Option, Sell OTM Call Option
Breakeven Point	Stock Price when long call value is equal to net debit.	Strike price of purchased call + net premium paid

BULL CALENDER SPREAD Vs BULL CALL SPREAD - Risk & Reward

	BULL CALENDER SPREAD	BULL CALL SPREAD
Maximum Profit Scenario	You have unlimited profit potential to the upside.	(Strike Price of Call 1 - Strike Price of Call 2) - Net Premium Paid
Maximum Loss Scenario	Max Loss = Premium Paid + Commissions Paid	Net Premium Paid
Risk	Limited	Limited
Reward	Unlimited	Limited

BULL CALENDER SPREAD Vs BULL CALL SPREAD - Strategy Pros & Cons

	BULL CALENDER SPREAD	BULL CALL SPREAD
Similar Strategies	The Collar, Bull Put Spread	Collar
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.	• Limited profit potential to the higher strike call sold if the underlying stock price rises. • Maximum profit only if stock rises to the higher of 2 strike prices selected.
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.	• Allows you to reduce risk and cost of your investment. • When placing the spread, exit strategy is pre-determined in advance. • Risk is limited to the net premium paid.