The markets opened downward today, but within a couple of hours, they had regained most or all of those losses. Generally, it was a pretty slow uneventful day in the markets. RUT closed essentially unchanged at $602 while the SPX gained a dollar to close at $1110. I think it is significant that the SPX did not give back that $1100 milestone it crossed yesterday.

My Dec iron condor stands at a P/L of -$980, delta = -$20 and theta = +$58. This position is sitting "on the edge" in a sense. The Greeks look pretty good with a strong theta/delta ratio, but further movement upward will force my hand and necessitate rolling some of the those 630/640 spreads upward out of danger.

You may have noticed that it almost seems the market has been toying with me lately - I buy a long option for protection, then it pulls back and I sell the option and then it roars back at me. You will frequently find yourself tempted to think "someone out there" is out to get you. Don't! Every time you have that thought, double check your trades - are you following your rules? If so, everything is fine. If not, then use this as a "tough love" lesson from the market to strengthen your trading discipline. In general, the better you trade, the calmer your disposition will be. You are just following your rules and reacting to what the market gives you.