The stock markets opened mixed this morning and couldn't seem to develop a trend. The Dow, NASDAQ and S&P 500 were all close to unchanged. The SPX closed at $1109 up less than a dollar; it appears the 2009 high for the S&P 500 is providing solid resistance at $1113. RUT was the best performing broad index with nearly a $7 rise to close at $596. The issue of the Fed Beige Book didn't stimulate much trading one way or the other. The ADP employment report this morning was worse than expected with a loss of 169k jobs in Nov, but represented an improvement over the Oct loss of 203k. The dollar was somewhat stronger today and that has led to stock market selling recently but that didn't seem have much effect today.

My Dec iron condor now stands at a P/L of +$1,210, delta = -$87, and theta = +$154. The Jan condor stands at a P/L of +$240, delta = -$39 and theta = +$94. The RUT price chart consists of a sideways choppy trend between $575 and $603 for the past 18 sessions. This is perfect for delta neutral traders.