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Category: Dr. Duke's Blog
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The market continued its steady push upward today - nothing dramatic, but steadily upward. The dollar strengthened and the market rallied anyway, unlike recent days but the weaker dollar halted gold's climb upward. RUT closed at $615 and SPX closed at $1071, bumping up against its 2009 high. So it will be interesting to see if the market can push through that resistance level to new highs next week.

Both my Oct and Nov condors are in excellent position. Both short strikes of the Oct condor are greater than one standard deviation OTM, so I left those positions open. The Oct position stands at a P/L of +$520, delta = +$12 and theta = +69, while Nov stands at a P/L of +$1,000, delta = -$17 and theta = +84. So life is good as I just sit on the sidelines and watch the time value decay away.