Sorry I am late with the blog. After I adjusted my positions this afternoon, I replaced the brakes on one of the cars and it took longer than I expected - a common characteristic of my home projects. Yesterday's market weakness spilled over into today; there were several economic reports, but nothing really dreadful. Many observers of the market are speculating that people are taking money off the table in anticipation of tomorrow's unemployment report. We'll see. One thing's for sure - it will be a volatile day.

RUT closed down over $20 at $584 and SPX dropped to $1030. Note how both indexes held up right at the support level set in late August. If they break that support level tomorrow, SPX could challenge the $1000 level and RUT's next support is around $575 and then $550.

About 12:30 this afternoon, I decided to adjust my Oct condor, partly because of today's downward move and partly in preparation for tomorrow. Before the adjustment, the position's delta stood at +$47 and theta was +$116. That wasn't too bad, but I decided to cut those deltas just in case this market gets ugly. I bought one Nov $520 put for $21.60. I chose that strike for the larger delta impact. At the close, delta = +$14 and theta = +$88. The Nov condor stands at a P/L of +$20, delta = +$19 and theta = +65. Tomorrow should be interesting.