PROTECTIVE CALL	SHORT CALL CONDOR 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..	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..

PROTECTIVE CALL Vs SHORT CALL CONDOR SPREAD - Details

	PROTECTIVE CALL	SHORT CALL CONDOR SPREAD
Market View	Bearish	Volatile
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	1	4
Strategy Level	Beginners	Advance
Reward Profile	Unlimited	Limited
Risk Profile	Limited	Limited
Breakeven Point	Sale Price of Underlying + Premium Paid	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium

PROTECTIVE CALL Vs SHORT CALL CONDOR SPREAD - When & How to use ?

	PROTECTIVE CALL	SHORT CALL CONDOR SPREAD
Market View	Bearish	Volatile
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 an investor expect the price of the underlying stock to be very volatile.
Action	Buy 1 ATM Call	Buy ITM Call Option + Buy OTM Call Option + Sell Deep OTM Call Option + Sell Deep ITM Call Option
Breakeven Point	Sale Price of Underlying + Premium Paid	Lower Breakeven = Lower Strike Price + Net Premium, Upper breakeven = Higher Strike Price - Net Premium

PROTECTIVE CALL Vs SHORT CALL CONDOR SPREAD - Risk & Reward

	PROTECTIVE CALL	SHORT CALL CONDOR SPREAD
Maximum Profit Scenario	Sale Price of Underlying - Price of Underlying - Premium Paid	Strike Price of Lower Strike Short Call - Strike Price of Lower Strike Long Call - Net Premium Paid
Maximum Loss Scenario	Premium Paid + Call Strike Price - Sale Price of Underlying + Commissions Paid	Strike Price of Lower Strike Long Call - Strike Price of Lower Strike Short Call - Net Premium Received + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Limited

PROTECTIVE CALL Vs SHORT CALL CONDOR SPREAD - Strategy Pros & Cons

	PROTECTIVE CALL	SHORT CALL CONDOR SPREAD
Similar Strategies	Put Backspread, Long Put	Short Strangle
Disadvantage	• Profitable when market moves as expected. • Not good for beginners.	• 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.
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.	• 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.