BULL CALL SPREAD	PUT BACKSPREAD
About Strategy	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..	Put Backspread Option Strategy If the trader is bearish on market and bullish in volatility, he will implement this strategy. However the trader can be neutral in nature i.e. indifferent if the market moves in either of the direction, this strategy will make profits, but uptrend will give a capped income than downtrend which will give unlimited returns. Read more..

BULL CALL SPREAD Vs PUT BACKSPREAD - Details

	BULL CALL SPREAD	PUT BACKSPREAD
Market View	Bullish	Bearish
Type (CE/PE)	CE (Call Option)	PE (Put Option)
Number Of Positions	2	2
Strategy Level	Beginners	Advance
Reward Profile	Limited
Risk Profile	Limited
Breakeven Point	Strike price of purchased call + net premium paid

BULL CALL SPREAD Vs PUT BACKSPREAD - When & How to use ?

	BULL CALL SPREAD	PUT BACKSPREAD
Market View	Bullish	Bearish
When to use?	This strategy is used when an investor is Bullish in the market but expect the underlying to gain mildly in near future.
Action	Buy ITM Call Option, Sell OTM Call Option
Breakeven Point	Strike price of purchased call + net premium paid

BULL CALL SPREAD Vs PUT BACKSPREAD - Risk & Reward

	BULL CALL SPREAD	PUT BACKSPREAD
Maximum Profit Scenario	(Strike Price of Call 1 - Strike Price of Call 2) - Net Premium Paid
Maximum Loss Scenario	Net Premium Paid
Risk	Limited	Limited
Reward	Limited	Unlimited

BULL CALL SPREAD Vs PUT BACKSPREAD - Strategy Pros & Cons

	BULL CALL SPREAD	PUT BACKSPREAD
Similar Strategies	Collar
Disadvantage	• 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	• 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.