It is probbaly everyone knows, but a little discovery for me:
I plotted ATM IV for next two weeks of IWM and QQQ and “discovered” quite interesting trend - IV for Monday expirations are below Friday - even next week Monday IV is below this week Friday.
It's a bit counterintuitive (at least for me) - especially in today's environment where war/peace news are usually coming on weekends. I did expect that uncertainty would affect monday IV more than friday, but... It is quite the opposite.
Really confused still....anyone have a logical explanation?