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 Long Straddle 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 Long Straddle 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 Long Straddle Vs Long Call Condor comparison:
| Comparison Aspect | Long Straddle | Long Call Condor |
| View |  |  |
| Strategy Introduction | Long Straddle comes into play when the trader expects the market to move sharply, however, the direction of the movement cannot be predicted. The purpose of the strategy to allow the traders to benefit from volatile markets...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 | The trader should be able to trade based on his/her conviction that the markets will move, without being concerned about the direction of the movement. | The trader has the obligation to choose the Strike Prices optimally in order to see decent profits. |
| Market Position | Neutral | Neutral |
| Strategy Level Suitable for | Beginners | Intermediates |
| Options Traded | Call, Put | Call |
| Number of Positions | 2 | 4 |
| Action Needed | 1 ATM Call, 1 ATM Put | 1 Long ITM Call, 1 Short ITM Call, 1 Short OTM Call, 1 Long OTM Call |
| Risk for You | Limited | Limited |
| Profit Potential | Unlimited | Limited |
| Break Even Point for Investor | Lower Breakeven = Strike Price of Put - Net Premium Upper breakeven = Strike Price of Call + Net Premium | Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium |
| Investor Intention | Put & Call Options Expire Worthlessly | Let Options Expire Worthlessly |
| Investor Expectation | Sharp Market Movement | Little or no movement in the price of the underlying asset |
| Strategy Summary | Excellent & Simple | Straight-Forward |
| Advantages | Uni-Directional Profit, Unlimited Gains | Profits in Low Volatilty, Limited Risk |
| Disadvantages | High Premium | High Premium, Selection of Correct Strike Prices is Paramount. |
| Market Scenarios - Profit | 1 | 1 |
| Market Scenarios - Loss | 1 | 1 |
| Also called as | NA | NA |
| More Comparisons | Long Straddle Vs Short Put | Long Call Condor Vs Short Put |
| Long Straddle Vs Long Combo | Long Call Condor Vs Long Combo | |
| Long Straddle Vs Synthetic Call | Long Call Condor Vs Synthetic Call | |
| Long Straddle Vs Long Put | Long Call Condor Vs Long Put | |
| Long Straddle Vs Long Call | Long Call Condor Vs Long Call | |
| Long Straddle Vs Covered Call | Long Call Condor Vs Covered Call | |
| Long Straddle Vs Covered Put | Long Call Condor Vs Covered Put | |
| Long Straddle Vs Protective Call | Long Call Condor Vs Protective Call | |
| Long Straddle Vs Short Box | Long Call Condor Vs Short Box | |
| Long Straddle Vs Long Call Condor | Long Call Condor Vs Short Call | |
| Long Straddle Vs Short Call Condor | Long Call Condor Vs Short Call Condor | |
| Long Straddle Vs Box Spread | Long Call Condor Vs Box Spread | |
| Long Straddle Vs Short Strangle | Long Call Condor Vs Short Strangle | |
| Long Straddle Vs Long Strangle | Long Call Condor Vs Long Strangle | |
| Long Straddle Vs Collar Strategy | Long Call Condor Vs Collar Strategy | |
| Long Straddle Vs Short Call | Long Call Condor Vs Long Straddle | |
| Long Straddle Vs Short Straddle | Long Call Condor Vs Short Straddle | |
| Long Straddle Vs Long Call Butterfly | Long Call Condor Vs Long Call Butterfly | |
| Long Straddle Vs Short Call Butterfly | Long Call Condor Vs Short Call Butterfly | |
| Long Straddle Vs Bear Call Spread | Long Call Condor Vs Bear Call Spread | |
| Long Straddle Vs Bear Put Spread | Long Call Condor Vs Bear Put Spread | |
| Long Straddle Vs Bull Put Spread | Long Call Condor Vs Bull Call Spread | |
| Long Straddle Vs Bull Put Spread | Long Call Condor Vs Bull Put Spread |
Thus, with this, we wrap up our comparison on Long Straddle 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.
At the same time, if you are in a neutral market situation and are looking for unlimited profits from your share market trades, then you can opt to go for the Long Straddle strategy.
There is a limited amount of risk involved as well, however, there are good chances of high profits if the strategy is executed well.
Furthermore, as told above, it also depends on the market situation.
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