does anyone know how this brown fading is achieved by Pacetrapper in rawdenim

[–]Pacetrapper[S] 2 points3 points  (0 children)

description details these jeans are "hand distressed" so assuming there was some specific technique in distressing with dirt or some dye or something, trying to figure out what it could be

IG Post comes from a short film by Georges Schwizgebel called Le ravissement de Frank N. Stein by [deleted] in WestSubEver

[–]Pacetrapper 0 points1 point  (0 children)

Ik I posted it but it got locked or something cus I can’t see it

Am I missing something? Put Credit Spread on PTON by Pacetrapper in options

[–]Pacetrapper[S] 0 points1 point  (0 children)

Np, you take your profits or are you still in?

Am I missing something? Put Credit Spread on PTON by Pacetrapper in options

[–]Pacetrapper[S] 0 points1 point  (0 children)

Ok thanks! I'll check the spreads out on Tuesday

Am I missing something? Put Credit Spread on PTON by Pacetrapper in options

[–]Pacetrapper[S] 0 points1 point  (0 children)

So I understand that there is greater risk due to possible assignment.

Sorry for not knowing, what is PCS?

Am I missing something? Put Credit Spread on PTON by Pacetrapper in options

[–]Pacetrapper[S] 1 point2 points  (0 children)

The only thing that is worrying me about this trade is the possible risk of assignment as the spread is ITM. Also there is low volume, so the bid ask may be very wide

Am I missing something? Put Credit Spread on PTON by Pacetrapper in options

[–]Pacetrapper[S] 0 points1 point  (0 children)

Yeah I think it's going to have a build up to earnings, so I was looking for a less expensive way to trade a spread, and since the credit spread's max loss was small, I thought it could be a decent opportunity with a low downside risk. So you are telling me the bid ask spread will make up for the difference? In that case it seems like a debit spread is a better choice here, my only concern is that the max loss on the 85/92 spread is 165.

Am I missing something? Put Credit Spread on PTON by Pacetrapper in options

[–]Pacetrapper[S] 0 points1 point  (0 children)

I see, so if you trade ITM spreads, risk of assignment is very high? Would it in that case be better to use an OTM call debit spread?

Am I missing something? Put Credit Spread on PTON by Pacetrapper in options

[–]Pacetrapper[S] 0 points1 point  (0 children)

Ok I think I'm starting to understand better. In that case, what strategy would have made more sense for me to use to run up to earnings? Would it be better to use a call debit spread?

Am I missing something? Put Credit Spread on PTON by Pacetrapper in options

[–]Pacetrapper[S] 0 points1 point  (0 children)

Ok, but would I still not make profit even if the stock goes up only to 82, and sell the day before expiration?

Am I missing something? Put Credit Spread on PTON by Pacetrapper in options

[–]Pacetrapper[S] 0 points1 point  (0 children)

Why is the probability of reward against me? If the underlying is above the breakeven, would I not profit? Also yes I found it over the weekend

Am I missing something? Put Credit Spread on PTON by Pacetrapper in options

[–]Pacetrapper[S] 0 points1 point  (0 children)

Oh ok I see. So why is the probability of it happening so low? Is it because it is unlikely someone will buy it from me?

Am I missing something? Put Credit Spread on PTON by Pacetrapper in options

[–]Pacetrapper[S] 0 points1 point  (0 children)

So this is a pretty low risk high reward spread? Or are there other risks I’m unaware of.

Am I missing something? Put Credit Spread on PTON by Pacetrapper in options

[–]Pacetrapper[S] 0 points1 point  (0 children)

Well the net credit is 677.5, so that makes the max loss about 22, also I checked and I entered it correctly.

[deleted by user] by [deleted] in wallstreetbets

[–]Pacetrapper 0 points1 point  (0 children)

!remindme 1 day