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 Put 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 Put 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 Put Spread Vs Long Call Condor comparison:
| Comparison Aspect | Bull Put Spread | Long Call Condor |
| View |  |  |
| Strategy Introduction | Bull Put Spread comes into play when the trader is expecting the market is going up gradually, but moderately. So, this is also suitable for a moderately bullish forecast, just like the bull call option...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 | Bull put spread is more ideal if the there is very high volatility in the market, time to expiration date is more and the market has declined considerably. | 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 | Intermediates | Intermediates |
| Options Traded | Put | Call |
| Number of Positions | 2 | 4 |
| Action Needed | Buy OTM Put, Sell ITM Put | 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 put MINUS 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 | Market Prices to Go Up | Little or no movement in the price of the underlying asset |
| Strategy Summary | Limited Risk, Limited Gains | Straight-Forward |
| Advantages | Limited Risk | Profits in Low Volatilty, Limited Risk |
| Disadvantages | Limited 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 Put Spread Vs Short Put | Long Call Condor Vs Short Put |
| Bull Put Spread Vs Long Combo | Long Call Condor Vs Long Combo | |
| Bull Put Spread Vs Synthetic Call | Long Call Condor Vs Synthetic Call | |
| Bull Put Spread Vs Long Put | Long Call Condor Vs Long Put | |
| Bull Put Spread Vs Long Call | Long Call Condor Vs Long Call | |
| Bull Put Spread Vs Covered Call | Long Call Condor Vs Covered Call | |
| Bull Put Spread Vs Covered Put | Long Call Condor Vs Covered Put | |
| Bull Put Spread Vs Protective Call | Long Call Condor Vs Protective Call | |
| Bull Put Spread Vs Short Box | Long Call Condor Vs Short Box | |
| Bull Put Spread Vs Long Call Condor | Long Call Condor Vs Short Call | |
| Bull Put Spread Vs Short Call Condor | Long Call Condor Vs Short Call Condor | |
| Bull Put Spread Vs Box Spread | Long Call Condor Vs Box Spread | |
| Bull Put Spread Vs Short Strangle | Long Call Condor Vs Short Strangle | |
| Bull Put Spread Vs Long Strangle | Long Call Condor Vs Long Strangle | |
| Bull Put Spread Vs Collar Strategy | Long Call Condor Vs Collar Strategy | |
| Bull Put Spread Vs Long Straddle | Long Call Condor Vs Long Straddle | |
| Bull Put Spread Vs Short Straddle | Long Call Condor Vs Short Straddle | |
| Bull Put Spread Vs Long Call Butterfly | Long Call Condor Vs Long Call Butterfly | |
| Bull Put Spread Vs Short Call Butterfly | Long Call Condor Vs Short Call Butterfly | |
| Bull Put Spread Vs Bear Call Spread | Long Call Condor Vs Bear Call Spread | |
| Bull Put Spread Vs Bear Put Spread | Long Call Condor Vs Bear Put Spread | |
| Bull Put Spread Vs Bull Call Spread | Long Call Condor Vs Bull Call Spread | |
| Bull Put Spread Vs Short Call | Long Call Condor Vs Bull Put Spread |
Thus, with this, we wrap up our comparison on Bull Put Spread Vs Long Call Condor option strategies.
At the same time, if you are in a moderately bullish forecast situation and want to take a limited risk, then Bull Put Spread is one of the options trading strategies you can look out for.
The profit you get using this strategy is also limited in scope.
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.
Furthermore, as told above, it also depends on the market situation.
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