SHORT PUT LADDER	SYNTHETIC LONG CALL
About Strategy	Short Put Ladder Option Strategy  This strategy is implemented when a trader is slightly bearish on the market. A trader is required to be bullish over the volatility in the market. It involves sale of an ITM Put Option and buying of 1 ATM & 1 OTM Put Options. However, the risk associated with this strategy is limited. Read more..	Synthetic Long Call Option Strategy A trader is bullish in nature for short term, but also fearful about the downside risk associated with it. Here, a trader wants to hold an underlying asset either in physical form like in case of commodities or demat (electronic) form in case of stocks. But he is always exposed to downside risk and in order to mitigate his losses, .. Read more..

SHORT PUT LADDER Vs SYNTHETIC LONG CALL - Details

	SHORT PUT LADDER	SYNTHETIC LONG CALL
Market View	Neutral	Bullish
Type (CE/PE)	PE (Put Option)	CE (Call Option)
Number Of Positions	3	2
Strategy Level	Advance	Beginners
Reward Profile	Unlimited	When Price of Underlying > Purchase Price of Underlying + Premium Paid
Risk Profile	Limited	Limited (Maximum loss happens when the price of instrument move above from the strike price of put)
Breakeven Point	Upper Breakeven Point = Strike Price of Short Put - Net Premium Received Lower Breakeven Point = Total Strike Prices of Long Puts - Strike Price of Short Put + Net Premium Received	Underlying Price + Put Premium

SHORT PUT LADDER Vs SYNTHETIC LONG CALL - When & How to use ?

	SHORT PUT LADDER	SYNTHETIC LONG CALL
Market View	Neutral	Bullish
When to use?	This strategy is implemented when a trader is slightly bearish on the market.	A trader is bullish in nature for short term, but also fearful about the downside risk associated with it.
Action	Sell ITM Put Option, Buying 1 ATM & 1 OTM Put Option.	Buy 1 ATM Put or OTM Put
Breakeven Point	Upper Breakeven Point = Strike Price of Short Put - Net Premium Received Lower Breakeven Point = Total Strike Prices of Long Puts - Strike Price of Short Put + Net Premium Received	Underlying Price + Put Premium

SHORT PUT LADDER Vs SYNTHETIC LONG CALL - Risk & Reward

	SHORT PUT LADDER	SYNTHETIC LONG CALL
Maximum Profit Scenario	When Price of Underlying < Total Strike Prices of Long Puts - Strike Price of Short Put + Net Premium Received	Current Price - Purchase Price - Premium Paid
Maximum Loss Scenario	Strike Price of Short Put - Strike Price of Higher Strike Long Put - Net Premium Received + Commissions Paid	Premium Paid
Risk	Limited	Limited
Reward	Unlimited	Unlimited

SHORT PUT LADDER Vs SYNTHETIC LONG CALL - Strategy Pros & Cons

	SHORT PUT LADDER	SYNTHETIC LONG CALL
Similar Strategies	Strap, Strip	Protective Put, Long Call
Disadvantage	• Best to use when you are confident about movement of market. • Small margin required.	•Chances of loss if the underlying goes down. •Incur losses if option is exercised.
Advantages	• When there is surge in implied volatility, this strategy can give more profit. • Unlimited downside profit. • Limited risk and unlimited reward strategy.	•Limited risk, unlimited profit. •Protection to your long-term holdings. • Limited loss to the to the premium paid for Put option.