SHORT CALL CONDOR SPREAD	CHRISTMAS TREE SPREAD WITH PUT OPTION
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..	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..

SHORT CALL CONDOR SPREAD Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - Details

	SHORT CALL CONDOR SPREAD	CHRISTMAS TREE SPREAD WITH PUT OPTION
Market View	Volatile	Bearish
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	4	6
Strategy Level	Advance	Advance
Reward Profile	Limited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium	Lowest strike prices + the half premium – premium paid

SHORT CALL CONDOR SPREAD Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - When & How to use ?

	SHORT CALL CONDOR SPREAD	CHRISTMAS TREE SPREAD WITH PUT OPTION
Market View	Volatile	Bearish
When to use?	This strategy is used when an investor expect the price of the underlying stock to be very volatile.	This Strategy is used when an investor wants potential returns.
Action	Buy ITM Call Option + Buy OTM Call Option + Sell Deep OTM Call Option + Sell Deep ITM Call Option	Buying one ATM, Selling 3 Puts, Buying one more OTM Put
Breakeven Point	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium	Lowest strike prices + the half premium – premium paid

SHORT CALL CONDOR SPREAD Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - Risk & Reward

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

SHORT CALL CONDOR SPREAD Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - Strategy Pros & Cons

	SHORT CALL CONDOR SPREAD	CHRISTMAS TREE SPREAD WITH PUT OPTION
Similar Strategies	Short Strangle	Butterfly spreads
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.	• Potential profit is lower or limited.
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.	• The potential of loss is limited.