Lingering concerns about Europe and BF Global's bankruptcy appeared to worry traders today. But it could have been simply a case of many institutional traders selling to capture profits for their month-end numbers. In any case, SPX shed $32 to close at $1253 and RUT closed at $741, down $20. The VIX bounced back up to 30%, reflecting some fears about a possible turn back down to test previous lows. Trading volume fell off a bit, with 3.3 billion shares of the S&P 500 trading. Trading volume rose 4% on the NYSE and fell 3% on NASDAQ. Today's price action took the SPX back well below its 200 dma; this is a significant level because many institutions trigger their trading off the 50 and 200 dma.

I removed the hedge on my Dec condor this morning, but left the Nov hedge in place. Both positions remain underwater, but the Greeks of both positions are in good shape. The November position delta is +$18 and position theta = +$200. Delta and theta for the Dec position are -$39 and +$89, respectively.

I have to run; goblins are at the door!