The markets opened up this morning but gradually weakened as the day wore on. The SPX lost $6 to close at $1235 while RUT closed at $768, down $3. Trading volume was flat with the S&P 500 stocks trading right at the 50 dma of 3.5 billion shares. Trading on the NYSE was up 9% but volume was down 1% on the NASDAQ. The VIX rose to 18% on the day of bearish trading action.

I closed the 1060/1070 put spreads of my Jan SPX iron condor today for $0.25, but was unable to get my new put spreads established at a favorable price. I will work on that tomorrow. This places the Jan condor roughly at break-even and the new put spreads will position the trade for a reasonable potential gain. I also closed my Dec AAPL 290/300 call spreads for a 24% gain.