PROTECTIVE CALL	SHORT CALL LADDER
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 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..

PROTECTIVE CALL Vs SHORT CALL LADDER - Details

	PROTECTIVE CALL	SHORT CALL LADDER
Market View	Bearish	Neutral
Type (CE/PE)	CE (Call Option)	CE (Call Option)
Number Of Positions	1	3
Strategy Level	Beginners	Advance
Reward Profile	Unlimited	Unlimited
Risk Profile	Limited	Limited
Breakeven Point	Sale Price of Underlying + Premium Paid	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

PROTECTIVE CALL Vs SHORT CALL LADDER - When & How to use ?

	PROTECTIVE CALL	SHORT CALL LADDER
Market View	Bearish	Neutral
When to use?	This strategy is implemented when a trader is bearish on the market and expects to go down.	This strategy is implemented when a trader is moderately bullish on the market, and volatility
Action	Buy 1 ATM Call	Sell 1 ITM Call, Buy 1 ATM Call, Buy 1 OTM Call
Breakeven Point	Sale Price of Underlying + Premium Paid	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

PROTECTIVE CALL Vs SHORT CALL LADDER - Risk & Reward

	PROTECTIVE CALL	SHORT CALL LADDER
Maximum Profit Scenario	Sale Price of Underlying - Price of Underlying - Premium Paid	Profit Achieved When Price of Underlying > Total Strike Prices of Long Calls - Strike Price of Short Call + Net Premium Received
Maximum Loss Scenario	Premium Paid + Call Strike Price - Sale Price of Underlying + Commissions Paid	Strike Price of Lower Strike Long Call - Strike Price of Short Call - Net Premium Received + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Unlimited

PROTECTIVE CALL Vs SHORT CALL LADDER - Strategy Pros & Cons

	PROTECTIVE CALL	SHORT CALL LADDER
Similar Strategies	Put Backspread, Long Put	Short Put Ladder, Strip, Strap
Disadvantage	• Profitable when market moves as expected. • Not good for beginners.	• Unlimited risk. • Margin required.
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.	• Higher probability of profit. • Unlimited upside profit. • Limited maximum loss.