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 Bull 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 Bull 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 Bull Call Spread Vs Long Call Condor comparison:
| Comparison Aspect | Bull Call Spread | Long Call Condor |
| View |  |  |
| Strategy Introduction | Bull Call Spread is a vertical options strategy that involves buying and selling two option contracts simultaneously, both with the same underlying security and expiry, but different strike prices...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 | It involves buying and selling two option contracts simultaneously, both with the same underlying security and expiry, but different strike prices. | The trader has the obligation to choose the Strike Prices optimally in order to see decent profits. |
| Market Position | Moderately Bullish | Neutral |
| Strategy Level Suitable for | Beginners | Intermediates |
| Options Traded | Call | Call |
| Number of Positions | 2 | 4 |
| Action Needed | 1 ATM Call, 1 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 Purchased Call + Net premium paid | 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 | Prices of the securities to Go Up moderately | Little or no movement in the price of the underlying asset |
| Strategy Summary | Safe Play | Straight-Forward |
| Advantages | Limited Risk | Profits in Low Volatilty, Limited Risk |
| Disadvantages | Capped Profit | High Premium, Selection of Correct Strike Prices is Paramount. |
| Market Scenarios - Profit | 3 | 1 |
| Market Scenarios - Loss | 2 | 1 |
| Also called as | NA | NA |
| More Comparisons | Bull Call Spread Vs Short Put | Long Call Condor Vs Short Put |
| Bull Call Spread Vs Long Combo | Long Call Condor Vs Long Combo | |
| Bull Call Spread Vs Synthetic Call | Long Call Condor Vs Synthetic Call | |
| Bull Call Spread Vs Long Put | Long Call Condor Vs Long Put | |
| Bull Call Spread Vs Long Call | Long Call Condor Vs Long Call | |
| Bull Call Spread Vs Covered Call | Long Call Condor Vs Covered Call | |
| Bull Call Spread Vs Covered Put | Long Call Condor Vs Covered Put | |
| Bull Call Spread Vs Protective Call | Long Call Condor Vs Protective Call | |
| Bull Call Spread Vs Short Box | Long Call Condor Vs Short Box | |
| Bull Call Spread Vs Long Call Condor | Long Call Condor Vs Short Call | |
| Bull Call Spread Vs Short Call Condor | Long Call Condor Vs Short Call Condor | |
| Bull Call Spread Vs Box Spread | Long Call Condor Vs Box Spread | |
| Bull Call Spread Vs Short Strangle | Long Call Condor Vs Short Strangle | |
| Bull Call Spread Vs Long Strangle | Long Call Condor Vs Long Strangle | |
| Bull Call Spread Vs Collar Strategy | Long Call Condor Vs Collar Strategy | |
| Bull Call Spread Vs Long Straddle | Long Call Condor Vs Long Straddle | |
| Bull Call Spread Vs Short Straddle | Long Call Condor Vs Short Straddle | |
| Bull Call Spread Vs Long Call Butterfly | Long Call Condor Vs Long Call Butterfly | |
| Bull Call Spread Vs Short Call Butterfly | Long Call Condor Vs Short Call Butterfly | |
| Bull Call Spread Vs Bear Call Spread | Long Call Condor Vs Bear Call Spread | |
| Bull Call Spread Vs Bear Put Spread | Long Call Condor Vs Bear Put Spread | |
| Bull Call Spread Vs Short Call | Long Call Condor Vs Bull Call Spread | |
| Bull Call Spread Vs Bull Put Spread | Long Call Condor Vs Bull Put Spread |
Thus, with this, we wrap up our comparison on Bull Call Spread Vs Long Call Condor option strategies.
However, 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.
If you are in a moderately bullish market set-up and have a limited market risk appetite then you make consider using the Bull Call Spread strategy in your trades.
To add to that, the profit you get using this strategy is also limited in scope.
Furthermore, as told above, it also depends on the market situation.
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