The futures were in positive territory this morning, but trading stalled shortly after the open and the markets just traded sideways all day. SPX closed down $1 at $1326 while RUT traded down $2 to close at $832.  Trading volume pulled back from yesterday with 2.7 billion shares of the S&P 500 stocks trading today. Trading volume was down 7% on the NYSE and was down 1% on NASDAQ.

The only significant economic news today was existing home sales coming in at 4.77M in June, essentially unchanged when compared to May's 4.81M.

My Aug iron condor on RUT stands at a P/L of +$1,282 with delta = -$65 and theta = +$89. Since the 670/680 put spreads are so far OTM, the theta/delta ratio is a bit skewed for this position. The delta of the 890 calls is only 9, so the position is reasonably safe for the time being - but who knows what tomorrow will bring?