The futures suggested a strong market before the open this morning, but that didn't materialize as stocks largely traded sideways all day. There isn't much news to move the market this week; Alcoa announces earnings this evening, but the earnings reports likely to move the market don't begin until next week. Alcoa was one of only a few stocks to move up in today's market. RUT closed unchanged at $644 while the SPX inched up $2 to $1147.

My short term condor for January has almost moved into the black with a P/L of -$140, delta = -$73 and a theta of +$313. The Jan longer term or high probability condor stands at a P/L of +$1,220 with delta = -$145 and theta = +$626. These positions are enjoying huge theta decay at this point! Our Feb RUT iron condor stands at +$700, delta = -$42 and theta = +$85. Boring markets make for happy iron condor traders.