Hi all, Curious to how one trades calendar. I typically trade calendars/diagonals as a directional bet,and am often faced with the the fortunate dilemma of whether to take profit on all.some or none of the position.. As an example,I recently put on the Xom 5/25 - 6/1 82.5 call calendar for 4 cents.. Its now trading at .25 with the stock trading around 82. Obviously,in percentage terms the spread is a home run. My typical trading style is to liquidate a portion of the position to cover the initial debit and TRY to let the balance ride. Part of me feels that the only way to make real money is to let the short leg get assigned or expire worthless and then hope for a large move in my direction.. My biggest issues are what to do when i have a profit...If The stock is at the short strike come expiration,the spread likely up close to 500%...Would most of you take it off,or keep the position post expiration and hope for a large move? As a go to move,I typically take off half.. Any thoughts?