The markets opened and traded without enthusiasm for either direction up or down; trading remained at low volumes and the markets were essentially unchanged; RUT closed at $638, down less than a dollar and the SPX dropped less than a dollar to close at $1137. The ADP payroll report for December reported a loss of 84,000 jobs - not good, but better than the loss of 145,000 in November. The dollar traded weaker today, but that didn't move the equity markets. Release of the FOMC minutes did not stimulate any move whatsoever.

I added another ten contracts to my Feb RUT iron condor with 560/570 puts at $0.75 and 690/700 calls at $1.03. The Feb condor stands at a P/L of -$200, delta = -$44 and theta = +$92. We now have a total credit of $3,740 for our February position. The Jan low probability condor stands at -$430, delta = -$57 and theta = +$138 while the Jan high probability condor stands at a P/L of +$640, delta = -$115 and theta = +276. So we muddle sideways for now.