The continuing Greek negotiations to restructure their debt don't appear to be nearing a resolution and this weighed on traders at the open this morning. But markets traded stronger through the day and much of the losses were recovered by the close. SPX didn't quite recover all of its losses, closing at $1315, down $1. But RUT bounced around 11 am ET and drove to a positive finish at $788, up $5. This divergence in SPX and RUT would be considered bullish by most analysts. The mid-cap stocks typically lead bullish recoveries. Trading volume remains weak with 2.8 billion shares of the S&P 500 trading; this is just below the 50 dma. Trading volume declined 2% on the NYSE and dropped 3% on NASDAQ.

No economic reports were released today. The VIX rose a bit but remains relatively low at 18.9%.

My Feb iron condor on RUT stands at a P/L of +$2,220 with delta = -$60 and theta = +$89.

I took a flyer today and bought the AAPL Feb 460/470 call spread in anticipation of AAPL's earnings announcement this evening. And AAPL didn't disappoint; all of their results exceeded expectations. It was a risky trade, but home runs are fun when you get them.