I'm sorry I missed getting my blog out earlier today. A friend entered the hospital this afternoon and I am just returning home. A brief observation on the markets: notice how strong the support level appears to be at about $1260 on SPX. Once again today, the buyers appeared when the market neared that level. I conclude that if or when SPX breaks $1260 going down, it may get ugly in a hurry.

My Jan SPX iron condor is nearing break-even with a P/L of -$439, delta = -$84 and theta = +$270. The Feb RUT condor stands at a P/L of +$600, delta = -$30 and theta = +$92. Have a pleasant evening. I will check back in tomorrow.