LONG CALL BUTTERFLY	BEAR PUT SPREAD
About Strategy	Long Call Butterfly Option Strategy A trader, who is neutral in nature and believes that there will be very low volatility i.e. expects the market to remain range bound, will implement this strategy. This strategy involves selling of 2 ATM Call Options, buying 1 ITM Call Option & buying 1 OTM Call Option of the same expiry date & same underlying asset. The difference between the strikes sho 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..

LONG CALL BUTTERFLY Vs BEAR PUT SPREAD - Details

	LONG CALL BUTTERFLY	BEAR PUT SPREAD
Market View	Neutral	Bearish
Type (CE/PE)	CE (Call 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 = Higher Strike Price - Net Premium, Lower Breakeven = Lower Strike Price + Net Premium	Strike Price of Long Put - Net Premium

LONG CALL BUTTERFLY Vs BEAR PUT SPREAD - When & How to use ?

	LONG CALL BUTTERFLY	BEAR PUT SPREAD
Market View	Neutral	Bearish
When to use?	This strategy should be used when you're expecting no volatility in the price of the underlying.	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 2 ATM Call, Buy 1 ITM Call, Buy 1 OTM Call	Buy ITM Put Option, Sell OTM Put Option
Breakeven Point	Upper Breakeven = Higher Strike Price - Net Premium, Lower Breakeven = Lower Strike Price + Net Premium	Strike Price of Long Put - Net Premium

LONG CALL BUTTERFLY Vs BEAR PUT SPREAD - Risk & Reward

	LONG CALL BUTTERFLY	BEAR PUT SPREAD
Maximum Profit Scenario	Adjacent strikes - Net premium debit.	Max Profit = Strike Price of Long Put - Strike Price of Short Put - Net Premium Paid.
Maximum Loss Scenario	Net Premium Paid	Max Loss = Net Premium Paid.
Risk	Limited	Limited
Reward	Limited	Limited

LONG CALL BUTTERFLY Vs BEAR PUT SPREAD - Strategy Pros & Cons

	LONG CALL BUTTERFLY	BEAR PUT SPREAD
Similar Strategies	-	Bear Call Spread, Bull Call Spread
Disadvantage	• Due to limited lifespan of call options, you can lose the premium paid. • Limited profit which is bound in a narrow range between the two wing strikes.	• Limited profit. • Early assignment risk.
Advantages	• Under this strategy, a trader can book profit even when there is not volatility in the market. • Limited risks to the net premium paid. • This strategy allows you to gain more profits by investing less and limiting your losses to minimum.	• 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.