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 Short Strangle 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 Short Strangle 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 Short Strangle Vs Long Call Condor comparison:
| Comparison Aspect | Short Strangle | Long Call Condor |
| View |  |  |
| Strategy Introduction | The short strangle options trading strategy is an excellent strategy to be deployed when the investor is expecting little to no volatility in the market...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 | If the prediction does not come out true, the strategy can cause unlimited loss. | 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 | Experts | Intermediates |
| Options Traded | Call | Call |
| Number of Positions | 4 | 4 |
| Action Needed | 1 Short ITM Call, 1 Long ITM Call, 1 Long OTM Call, 1 Short 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 | Unlimited | Limited |
| Break Even Point for Investor | Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium | Lower Breakeven = Lower Strike Price + Net Premium Upper breakeven = Higher Strike Price - Net Premium |
| Investor Intention | Stock price remains between the 2 option Strike Prices and the options expire worthlessly | Let Options Expire Worthlessly |
| Investor Expectation | Little or No Market Volatility | Little or no movement in the price of the underlying asset |
| Strategy Summary | Profits in Stable Market | Straight-Forward |
| Advantages | Higher Range of Profit | Profits in Low Volatilty, Limited Risk |
| Disadvantages | Low Premium, Unlimited Risk | High Premium, Selection of Correct Strike Prices is Paramount. |
| Market Scenarios - Profit | 1 | 1 |
| Market Scenarios - Loss | 1 | 1 |
| Also called as | Credit Spread | NA |
| More Comparisons | Short Strangle Vs Short Put | Long Call Condor Vs Short Put |
| Short Strangle Vs Long Combo | Long Call Condor Vs Long Combo | |
| Short Strangle Vs Synthetic Call | Long Call Condor Vs Synthetic Call | |
| Short Strangle Vs Long Put | Long Call Condor Vs Long Put | |
| Short Strangle Vs Long Call | Long Call Condor Vs Long Call | |
| Short Strangle Vs Covered Call | Long Call Condor Vs Covered Call | |
| Short Strangle Vs Covered Put | Long Call Condor Vs Covered Put | |
| Short Strangle Vs Protective Call | Long Call Condor Vs Protective Call | |
| Short Strangle Vs Short Box | Long Call Condor Vs Short Box | |
| Short Strangle Vs Long Call Condor | Long Call Condor Vs Short Call | |
| Short Strangle Vs Short Call Condor | Long Call Condor Vs Short Call Condor | |
| Short Strangle Vs Box Spread | Long Call Condor Vs Box Spread | |
| Short Strangle Vs Short Call | Long Call Condor Vs Short Strangle | |
| Short Strangle Vs Long Strangle | Long Call Condor Vs Long Strangle | |
| Short Strangle Vs Collar Strategy | Long Call Condor Vs Collar Strategy | |
| Short Strangle Vs Long Straddle | Long Call Condor Vs Long Straddle | |
| Short Strangle Vs Short Straddle | Long Call Condor Vs Short Straddle | |
| Short Strangle Vs Long Call Butterfly | Long Call Condor Vs Long Call Butterfly | |
| Short Strangle Vs Short Call Butterfly | Long Call Condor Vs Short Call Butterfly | |
| Short Strangle Vs Bear Call Spread | Long Call Condor Vs Bear Call Spread | |
| Short Strangle Vs Bear Put Spread | Long Call Condor Vs Bear Put Spread | |
| Short Strangle Vs Bull Call Spread | Long Call Condor Vs Bull Call Spread | |
| Short Strangle Vs Bull Put Spread | Long Call Condor Vs Bull Put Spread |
Thus, with this, we wrap up our comparison on Short Strangle Vs Long Call Condor option strategies.
Furthermore, 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 have a limited risk appetite, then Short Strangle is a potential option strategy for you. Generally, this strategy is suitable when you are sure that there is going to be low or no market volatility at all.
The strategy comes with a limited profit potential.
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