BULL CALENDER SPREAD	NEUTRAL CALENDAR 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..	Neutral Calendar Spread Option strategy  This strategy is implemented if the trader is neutral in the near future for say 2 months or so. This strategy involves writing of Near Month 1 ATM Call Option and buying 1 Mid Month ATM Call Option, hence reducing the cost of purchase, with the same strike price of the same underlying asset. This strategy is used when the trader wants to make money from the .. Read more..

BULL CALENDER SPREAD Vs NEUTRAL CALENDAR SPREAD - Details

	BULL CALENDER SPREAD	NEUTRAL CALENDAR SPREAD
Market View	Bullish	Neutral
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.	-

BULL CALENDER SPREAD Vs NEUTRAL CALENDAR SPREAD - When & How to use ?

	BULL CALENDER SPREAD	NEUTRAL CALENDAR SPREAD
Market View	Bullish	Neutral
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 implemented if the trader is neutral in the near future for say 2 months or so. This strategy involves writing of Near Month 1 ATM Call Option and buying 1 Mid Month ATM Call Option.
Action	Sell 1 Near-Term OTM Call, Buy 1 Long-Term OTM Call	Sell 1 Near-Term ATM Call, Buy 1 Long-Term ATM Call
Breakeven Point	Stock Price when long call value is equal to net debit.	-

BULL CALENDER SPREAD Vs NEUTRAL CALENDAR SPREAD - Risk & Reward

	BULL CALENDER SPREAD	NEUTRAL CALENDAR SPREAD
Maximum Profit Scenario	You have unlimited profit potential to the upside.	Maximum Profit Limited When underlying stock price remains unchanged on expiration of the near month options.
Maximum Loss Scenario	Max Loss = Premium Paid + Commissions Paid	It occurs when the stock price goes down and stays down until expiration of the longer term options.
Risk	Limited	Limited
Reward	Unlimited	Limited

BULL CALENDER SPREAD Vs NEUTRAL CALENDAR SPREAD - Strategy Pros & Cons

	BULL CALENDER SPREAD	NEUTRAL CALENDAR SPREAD
Similar Strategies	The Collar, Bull Put Spread	Long Put Butterfly, Iron Butterfly
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.	• Lower profitability • Must have enough experience.
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.	• Almost zero margin required. • Ability to profit from time decay, limited risk. • This strategy allows you to transform position into long position.