The University of Michigan Consumer Confidence Survey reported out at 69.6, a small improvement from last month's 67.8. That report served to keep the markets trading near the unchanged line for most of the day. But after about 2 pm ET, the markets slowly declined into the close, but trading volume was greatly reduced. Trading was down 15% on the NYSE and over 27% on NASDAQ. Trading volume in the S&P 500 stocks dropped to 2.7 billion shares, well below the 50 dma. This was the lowest trading volume for the S&P 500 for this year. The SPX traded within $2 of its 50 dma at $1088 before pulling back to close down $4 at $1079. $1088 on SPX will be a key resistance level to watch for a measure of the market. RUT pulled back a bit more to close at $609, a loss of $7 on the day.

My Aug RUT condor closed the day with a P/L of -$1917 with delta = +$133 and theta = +$204. All of these spreads are greater than two standard deviations OTM except the 10 contracts of the 590/600 put spreads. I will be looking for an opportunity to close them on Monday. The Sept condor is in the black with a P/L of +$440, delta = +$50 and theta = +$47.

Have a great weekend.