WEEKEND
Friday close vs the weekend
From Friday 16:00 ET to Monday 09:30 ET the reference is frozen while onchain books keep trading.
Warnings
- No hedge until Monday: the underlying cannot be traded on the reference venue.
- Thin books: onchain depth can drop sharply at weekends — check gap by size, not just the mid.
- Gaps can reverse: a weekend gap is a price, not a forecast of Monday's open.
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