Successful debt auctions yesterday in Greece and today in Portugal reassured traders and the markets traded in positive territory all day. SPX ran up $11 to close at $1286 and RUT closed at $801, up $7. Trading volume edged up a little with 3.5 billion shares of the S&P 500 stocks trading; this is slightly above the 50 dma. Trading was up 3% on the NYSE but down 1% on NASDAQ. The Fed's Beige Book was released today, but it didn't reveal anything new - just more anecdotal evidence of a slowly recovering economy.

My SPX Jan iron condor is being pressured on the call spread side as we get down close to the wire. The January position's Greeks deteriorated significantly today with delta = -$220 and theta = +$253. Absent a pull back, I will have to close the call spreads early. My Feb iron condor on RUT stands at a $580 gain with delta = -$58 and theta = +$102.