When it comes to Options Trading, there are different complexities involved in terms of choosing a specific strategy that works the best for you.
At the same time, each strategy has its own set of advantages as well as limitations, thus making the concept of options trading even more challenging. Thus, in case you are looking to fit a particular strategy in your option trades, just check few areas before you make a choice.
In this detailed comparison of Bear Call Spread Vs Long Call Condor options trading strategies, we will be looking at the below-mentioned aspects and more:
- Current Market Position
- Your Risk Appetite
- Your Trading Experience
- Profit Potential
- Intention and Expectation of a trader
- Break-even point of your trade
Apart from the Bear Call Spread Vs Long Call Condor strategies, there are more than 25 comparisons of each of these strategies with other option strategies. With all these comparisons, you should be able to filter the ones that work the best for you.
Here is the detailed Bear Call Spread Vs Long Call Condor comparison:
| Comparison Aspect | Bear Call Spread | Long Call Condor |
| View |  |  |
| Strategy Introduction | The bear call spread consists of two calls, both with the same underlying asset and expiration date, but the strike price of the call options bought is less than the strike price of the same number of call options sold. Like most of the spread strategies, it is a limited-risk...more | Long call condor is a direction-neutral strategy. It is not necessary to know the direction in which the market is expected to move. In fact, it works at the time when...more |
| Investor Obligation | As a thumb rule, the expiration date must be about 30-45 days away in order to be able to take advantage of the accelerating time decay. | The trader has the obligation to choose the Strike Prices optimally in order to see decent profits. |
| Market Position | Moderately Bearish | Neutral |
| Strategy Level Suitable for | Intermediates | Intermediates |
| Options Traded | Call | Call |
| Number of Positions | 2 | 4 |
| Action Needed | Buy OTM Call, Sell OTM Call | 1 Long ITM Call, 1 Short ITM Call, 1 Short OTM Call, 1 Long OTM Call |
| Risk for You | Limited | Limited |
| Profit Potential | Limited | Limited |
| Break Even Point for Investor | Strike Price of Short Call + Net Premium Received | Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium |
| Investor Intention | Let Options Expire Worthlessly | Let Options Expire Worthlessly |
| Investor Expectation | Market to go down gradually, but moderately | Little or no movement in the price of the underlying asset |
| Strategy Summary | Limited Risk Limited Profit | Straight-Forward |
| Advantages | Profit when Market is going down, Limited Risk | Profits in Low Volatilty, Limited Risk |
| Disadvantages | Limited Profit | High Premium, Selection of Correct Strike Prices is Paramount. |
| Market Scenarios - Profit | 2 | 1 |
| Market Scenarios - Loss | 1 | 1 |
| Also called as | NA | NA |
| More Comparisons | Bear Call Spread Vs Short Put | Long Call Condor Vs Short Put |
| Bear Call Spread Vs Long Combo | Long Call Condor Vs Long Combo | |
| Bear Call Spread Vs Synthetic Call | Long Call Condor Vs Synthetic Call | |
| Bear Call Spread Vs Long Put | Long Call Condor Vs Long Put | |
| Bear Call Spread Vs Long Call | Long Call Condor Vs Long Call | |
| Bear Call Spread Vs Covered Call | Long Call Condor Vs Covered Call | |
| Bear Call Spread Vs Covered Put | Long Call Condor Vs Covered Put | |
| Bear Call Spread Vs Protective Call | Long Call Condor Vs Protective Call | |
| Bear Call Spread Vs Short Box | Long Call Condor Vs Short Box | |
| Bear Call Spread Vs Long Call Condor | Long Call Condor Vs Short Call | |
| Bear Call Spread Vs Short Call Condor | Long Call Condor Vs Short Call Condor | |
| Bear Call Spread Vs Box Spread | Long Call Condor Vs Box Spread | |
| Bear Call Spread Vs Short Strangle | Long Call Condor Vs Short Strangle | |
| Bear Call Spread Vs Long Strangle | Long Call Condor Vs Long Strangle | |
| Bear Call Spread Vs Collar Strategy | Long Call Condor Vs Collar Strategy | |
| Bear Call Spread Vs Long Straddle | Long Call Condor Vs Long Straddle | |
| Bear Call Spread Vs Short Straddle | Long Call Condor Vs Short Straddle | |
| Bear Call Spread Vs Long Call Butterfly | Long Call Condor Vs Long Call Butterfly | |
| Bear Call Spread Vs Short Call Butterfly | Long Call Condor Vs Short Call Butterfly | |
| Bear Call Spread Vs Short Call | Long Call Condor Vs Bear Call Spread | |
| Bear Call Spread Vs Bear Put Spread | Long Call Condor Vs Bear Put Spread | |
| Bear Call Spread Vs Bull Call Spread | Long Call Condor Vs Bull Call Spread | |
| Bear Call Spread Vs Bull Put Spread | Long Call Condor Vs Bull Put Spread |
Thus, with this, we wrap up our comparison of Bear Call Spread Vs Long Call Condor option strategies.
As the name suggests, if you are looking at a slightly bearish market position and are open for a little risk, then bear call spread is something you can try in your trades. Having said that, the profit you can expect is going to be on a relatively limited level while using this strategy.
This needs to be known that the profit you get using this strategy is also limited in scope.
At the same time, if you are in a neutral market situation and have a limited risk appetite, then Long Call Condor may suit you well. You need to know that this strategy provides limited level profit only.
Furthermore, as told above, it also depends on the market situation.
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