A strong dollar and a disappointing earnings report from Dell started trading this morning on a negative note that continued through mid-day. The buyers began to pull the indexes back up during the last two hours of trading, but didn't fully recover all of the losses. RUT closed almost unchanged at $585, down about a dollar, while the SPX closed down $4 at $1091. Traders continue to worry about a significant correction, but the appearance of buyers during the last couple of hours of trading both yesterday and today is encouraging. However, this market is definitely nervous - be sure your protective contingency orders are in place.

The $680/$690 calls from my Nov iron condor on RUT expired OTM today, confirming our $2,060 gain (13%) for November. My Dec RUT iron condor is in pretty good shape with a P/L of -$50, delta of -$60 and theta of +$125. January options have 55 days to expiration, so we will begin to look for the opportunity to initiate our Jan iron condor next week.