01/06 Weekly update

This week's update will not have any of the charts, we just moved to South Florida and have no Internet connection as of yet. The IBM calendar seems to have moved very little, I have a feeling a lot of the volatility was taken out of the position Friday. I'm still learning how the calendars work, most of the P/L is driven by volatility on the back and front month option contracts, so it is still a learning process for me, that being said, my guess is that if one had entered a calendar during the last minutes of trading on Friday, he/she would be likely to see profits on Monday, I'll study to see how this works out.

For now, the first week of the year was not very active, the market seems to have moved very little, let's see if we find some stability for a change.

Cheers!
Gustavo