Traders slept in after indulging in too much turkey yesterday. Trading volume on this shortened holiday trading session was anemic by all standards. The few traders who were in the market appeared to still have their concerns about Ireland and the rest of the EU's economic problems. SPX declined $9 to close at $1189 while the RUT index lost $4, closing at $733.

My Dec RUT condor stands at +$360, delta = +$6 and theta = +$178. Volatility jumped today and that reduced the bottom line for this negative vega position. But the theta/delta ratio is excellent and the trade is almost precisely delta neutral. My Jan SPX condor stands at -$680, delta = -$20 and theta = +$68.

I updated the trading track record for Dr. Duke's Trading Group this morning; we have enjoyed an 88% win/loss ratio since we started in April. Maybe you should check us out.

Enjoy the rest of your holiday weekend.