RUT Weekly Calendar Trade #6

I opened my sixth weekly calendar trade Tuesday, May 19, at the 1255 strike. The market was right around 1255 upon fill. I placed the order at the mid and caved $0.10 over 10 minutes to get filled.

Here was the price action during this pre-Memorial Day week:

With the market trading sideways, this position was like manna from heaven. I closed the trade Friday morning. The market only gained two points in three days and the trade profited 8.5%.

I believe the long holiday weekend gave this trade an advantage. With the market to be closed the following Monday, I anticipated Friday to see nearly four days of time decay rather than three. I consider this difference to be significant since the trade is only placed with 10 DTE.