SHORT CALL LADDER	CHRISTMAS TREE SPREAD WITH PUT OPTION
About Strategy	Short Call Ladder Option Strategy  This strategy is implemented when a trader is moderately bullish on the market, and volatility. It involves sale of an ITM Call Option, buying of an ATM Call Option & OTM Call Option. The risk associated with the strategy is limited. Risk: 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 LADDER Vs CHRISTMAS TREE SPREAD WITH PUT OPTION - Details

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

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

	SHORT CALL LADDER	CHRISTMAS TREE SPREAD WITH PUT OPTION
Market View	Neutral	Bearish
When to use?	This strategy is implemented when a trader is moderately bullish on the market, and volatility	This Strategy is used when an investor wants potential returns.
Action	Sell 1 ITM Call, Buy 1 ATM Call, Buy 1 OTM Call	Buying one ATM, Selling 3 Puts, Buying one more OTM Put
Breakeven Point	Upper Breakeven Point = Total Strike Prices of Long Calls - Strike Price of Short Call + Net Premium Received Lower Breakeven Point = Strike Price of Short Call - Net Premium Received	Lowest strike prices + the half premium – premium paid

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

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

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

	SHORT CALL LADDER	CHRISTMAS TREE SPREAD WITH PUT OPTION
Similar Strategies	Short Put Ladder, Strip, Strap	Butterfly spreads
Disadvantage	• Unlimited risk. • Margin required.	• Potential profit is lower or limited.
Advantages	• Higher probability of profit. • Unlimited upside profit. • Limited maximum loss.	• The potential of loss is limited.