PROTECTIVE CALL	BULL CALENDER SPREAD
About Strategy	Protective Call Option Strategy This strategy is simply the reversal of the Synthetic Call Strategy. This strategy is implemented when a trader is bearish on the market and expects to go down. Trader will short underlying stock in the cash market and buy either an ATM Call Option or OTM Call Option. The Call Option is bought to protect / hedge the upside risk on the short position. The Read more..	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..

PROTECTIVE CALL Vs BULL CALENDER SPREAD - Details

	PROTECTIVE CALL	BULL CALENDER SPREAD
Market View	Bearish	Bullish
Type (CE/PE)	CE (Call Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	1	2
Strategy Level	Beginners	Beginners
Reward Profile	Unlimited	Unlimited
Risk Profile	Limited	Limited
Breakeven Point	Sale Price of Underlying + Premium Paid	Stock Price when long call value is equal to net debit.

PROTECTIVE CALL Vs BULL CALENDER SPREAD - When & How to use ?

	PROTECTIVE CALL	BULL CALENDER SPREAD
Market View	Bearish	Bullish
When to use?	This strategy is implemented when a trader is bearish on the market and expects to go down.	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.
Action	Buy 1 ATM Call	Sell 1 Near-Term OTM Call, Buy 1 Long-Term OTM Call
Breakeven Point	Sale Price of Underlying + Premium Paid	Stock Price when long call value is equal to net debit.

PROTECTIVE CALL Vs BULL CALENDER SPREAD - Risk & Reward

	PROTECTIVE CALL	BULL CALENDER SPREAD
Maximum Profit Scenario	Sale Price of Underlying - Price of Underlying - Premium Paid	You have unlimited profit potential to the upside.
Maximum Loss Scenario	Premium Paid + Call Strike Price - Sale Price of Underlying + Commissions Paid	Max Loss = Premium Paid + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Unlimited

PROTECTIVE CALL Vs BULL CALENDER SPREAD - Strategy Pros & Cons

	PROTECTIVE CALL	BULL CALENDER SPREAD
Similar Strategies	Put Backspread, Long Put	The Collar, Bull Put Spread
Disadvantage	• Profitable when market moves as expected. • Not good for beginners.	• Limited profit even if underlying asset rallies. • If the short call options are assigned when the underlying asset rallies then losses can be sustained.
Advantages	• Limited risk if the market moves in opposite direction as expected. • Allows you to keep open a profitable position to make further profits. • Unlimited profit potential.	• 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.