Well, I love weekends. Two days of time decay where I do not have to watch the market.

One of my trades Corning ( GLW ) , just went wiggy on me. I have a calendar spread on, and the IV of the long option just jumped. Don’t know why, but it has a large skew. “The larger the skew, the larger the move”. I don’t want to be around for the move.

The skew developed while I was sleeping, so I didn’t see it. I did not expect a skew to develop that large that quickly. Now, skew is in my favor, which is why I made money, since I entered the position when the skew was much flatter. If the skew had gone against me, my rules would have me close the trade.

I will run a spreadsheet over the weekend to get a better idea of the pricing. That is the second reason I love the weekend. I have time to upgrade my software.

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