CHRISTMAS TREE SPREAD WITH PUT OPTION	LONG CALL LADDER
About Strategy	Christmas Tree Spread with Puts Option Strategy This Strategy is an advance option strategy that consists of three legs and six total options. In this strategy buying one put at strike price D, skipping strike price C, writes three calls at strike price B, and buying two calls at strike price A for same expiration dates for neutral to bearish forecast. An investor used this strategy to potential returns Read more..	Long Call Ladder Option Strategy  Long Call Ladder Strategy is an extension to Bull Call Spread Strategy. A trader will be slightly bullish about the market, in this strategy but bearish over volatility. It involves buying of an ITM Call Option and sale of 1 ATM & 1 OTM Call Options. However, the risk associated with this strategy is unlimited and reward is limited. Read more..

CHRISTMAS TREE SPREAD WITH PUT OPTION Vs LONG CALL LADDER - Details

	CHRISTMAS TREE SPREAD WITH PUT OPTION	LONG CALL LADDER
Market View	Bearish	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	6	3
Strategy Level	Advance	Advance
Reward Profile	Limited	Unlimited
Risk Profile	Limited	Unlimited
Breakeven Point	Lowest strike prices + the half premium – premium paid	Upper Breakeven Point = Total Strike Prices of Short Calls - Strike Price of Long Call - Net Premium Paid, Lower Breakeven Point = Strike Price of Long Call + Net Premium Paid

CHRISTMAS TREE SPREAD WITH PUT OPTION Vs LONG CALL LADDER - When & How to use ?

	CHRISTMAS TREE SPREAD WITH PUT OPTION	LONG CALL LADDER
Market View	Bearish	Neutral
When to use?	This Strategy is used when an investor wants potential returns.	This Strategy is an extension to Bull Call Spread Strategy. A trader will be slightly bullish about the market, in this strategy but bearish over volatility.
Action	Buying one ATM, Selling 3 Puts, Buying one more OTM Put	Buy 1 ITM Call, Sell 1 ATM Call, Sell 1 OTM Call
Breakeven Point	Lowest strike prices + the half premium – premium paid	Upper Breakeven Point = Total Strike Prices of Short Calls - Strike Price of Long Call - Net Premium Paid, Lower Breakeven Point = Strike Price of Long Call + Net Premium Paid

CHRISTMAS TREE SPREAD WITH PUT OPTION Vs LONG CALL LADDER - Risk & Reward

	CHRISTMAS TREE SPREAD WITH PUT OPTION	LONG CALL LADDER
Maximum Profit Scenario	Equal middle strike price – higher strike price – the premium	Strike Price of Lower Strike Short Call - Strike Price of Long Call - Net Premium Paid - Commissions Paid
Maximum Loss Scenario	Net Debit paid for the strategy.	Price of Underlying - Upper Breakeven Price + Commissions Paid
Risk	Limited	Unlimited
Reward	Limited	Unlimited

CHRISTMAS TREE SPREAD WITH PUT OPTION Vs LONG CALL LADDER - Strategy Pros & Cons

	CHRISTMAS TREE SPREAD WITH PUT OPTION	LONG CALL LADDER
Similar Strategies	Butterfly spreads	Short Strangle (Sell Strangle), Short Straddle (Sell Straddle)
Disadvantage	• Potential profit is lower or limited.	• Unlimited risk. • Margin required.
Advantages	• The potential of loss is limited.	• Reduces capital outlay of bull call spread. • Wider maximum profit zone. • When there is decrease in implied volatility, this strategy can give profit.