SPX closed today almost exactly at yesterday's close. So support at about $1215 is holding thus far, with overhead resistance at $1290. Trading volume fell off today and the SPX opened and closed almost exactly at the same price, thus the classic doji candlestick, a sign of indecision or balance between the bulls and the bears. SPX closed at $1216, down less than a dollar; RUT gained $1 to close at $719. Given that next week is a shortened holiday week, continuing to trade sideways at lower volume may be what we can expect. Trading volume on the S&P 500 dropped to 3.0 billion shares; trading on the NYSE dropped 1%, but trading on NASDAQ decreased 21%.

RUT settled at $720.35. Thus, the Nov 660/670 put spreads and 790/800 call spreads expired worthless for a gain of $1,460 on 20 contracts, or 9% on the capital at risk. This brings the Flying With The Condor™ track record for this year to a 35% gain. The Dec condor position on RUT at 560/570 and 830/840 stands at a gain of $980 with delta = -$6 and theta = +$97. This is a great market environment for delta neutral trading, but directional traders are having a tough time.

Enjoy the weekend.