The markets traded largely sideways today. Some of that may have been due to a relatively light economic news day. Some traders may be waiting to see Friday's jobs report before placing their trades. SPX closed at $1339, up $1 but RUT tacked on another $4 to close at $845. Trading volume in the S&P 500 was flat at 2.4 billion shares. Trading on the NYSE was up 2% and trading volume on NASDAQ was up 6%. Challenger reported a 5.2% increase in layoffs for June, up from a 4% decrease in May. This is focusing attention more on the ADP employment report and unemployment claims tomorrow, with the jobs report following on Friday. The ISM Services Index was basically flat at 53.3 for June, down from 54.6 in May.

My July iron condor stands at a P/L of +$3,160 with delta = -$43 and theta = +$74. The steady rise in RUT triggered my adjusting the Aug condor by buying Sept $890 calls; the Aug position stands at a P/L of -$588 with delta = -$52 and theta = +$44.