The markets chopped sideways today, trading up and then back down and finally closing higher for the day. SPX closed at $1361, up $3 and RUT edged lower by $1 and closed at $829. Trading volume was up modestly with 3.1 billion shares of the S&P 500 trading; this is just above the 50 dma at 2.9B. Trading volume was up 11% on the NYSE and up 2% on NASDAQ.

The RUT settlement price for February is $833.16 so the remaining spreads in my RUT Feb iron condor expired worthless for a net gain of $2,200 on 20 contracts or 13.3%. This brings our gains in the Flying With The Condor™service thus far in 2012 to 9.8% - not a bad start to the year. The Mar position on RUT at 730/740 and 860/870 remains hedged with a P/L of -$1,720 with delta = -$35 and theta = +$119.

Enjoy the long weekend. For those of you in the New York City area, come by and see me at the Traders Expo. We can stop for a drink and chat. I will be signing books at the Traders Press booth Monday afternoon.