Yesterday's big gains were on very high trading volumes, a big change from the recent pattern of persistent low volume days. But it appears like all of those traders went home yesterday and didn't come back. SPX dropped down this morning, recovered, and then spent the day trading largely sideways, closing up $1 at $1345. RUT also gained less than a dollar to close at $842. Only 2.5 billion shares of the S&P 500 stocks traded today, significantly down from yesterday's 3.7 billion shares. Trading was down 25% on the NYSE and was down 30% on NASDAQ.

No significant economic reports came out today and the market seemed to reflect that lack of news.

My Aug condor on RUT stands at a P/L of +$1,062 with delta = -$83 and theta = +$91. I opened my Sept RUT condor at 670/680 and 900/910 earlier this week; it stands at a P/L of -$700 with delta = -$78 and theta = +$61.

Have a great weekend!