PUT BACKSPREAD	BULL CALENDER SPREAD
About Strategy	Put Backspread Option Strategy If the trader is bearish on market and bullish in volatility, he will implement this strategy. However the trader can be neutral in nature i.e. indifferent if the market moves in either of the direction, this strategy will make profits, but uptrend will give a capped income than downtrend which will give unlimited returns. 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..

PUT BACKSPREAD Vs BULL CALENDER SPREAD - Details

	PUT BACKSPREAD	BULL CALENDER SPREAD
Market View	Bearish	Bullish
Type (CE/PE)	PE (Put Option)	CE (Call Option) + PE (Put Option)
Number Of Positions	2	2
Strategy Level	Advance	Beginners
Reward Profile		Unlimited
Risk Profile		Limited
Breakeven Point		Stock Price when long call value is equal to net debit.

PUT BACKSPREAD Vs BULL CALENDER SPREAD - When & How to use ?

	PUT BACKSPREAD	BULL CALENDER SPREAD
Market View	Bearish	Bullish
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.
Action		Sell 1 Near-Term OTM Call, Buy 1 Long-Term OTM Call
Breakeven Point		Stock Price when long call value is equal to net debit.

PUT BACKSPREAD Vs BULL CALENDER SPREAD - Risk & Reward

	PUT BACKSPREAD	BULL CALENDER SPREAD
Maximum Profit Scenario		You have unlimited profit potential to the upside.
Maximum Loss Scenario		Max Loss = Premium Paid + Commissions Paid
Risk	Limited	Limited
Reward	Unlimited	Unlimited

PUT BACKSPREAD Vs BULL CALENDER SPREAD - Strategy Pros & Cons

	PUT BACKSPREAD	BULL CALENDER SPREAD
Similar Strategies		The Collar, Bull Put Spread
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.
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.