That would be a reasonable starting point. Also, it would be great to see how these trades relate to the expected amount of volatility for the weekend (also pu

That would be a reasonable starting point. Also, it would be great to see how these trades relate to the expected amount of volatility for the weekend (also public). For funds that don't want to trade out of and in to large positions on Friday and Sunday the e-minis are a great way to hedge your risk especially around high volatility events (of which there have been an increasing amount).