The markets continued to inch higher today, but on lower volume. SPX closed above its $1100 resistance level at $1110, up $5 for the day. RUT traded up $2 to close at $636. Trading volume for the S&P 500 dropped to 2.6 billion shares. Trading on the NYSE declined 9% and declined 1% on NASDAQ. Trading volume in the S&P 500 stocks has steadily declined since the big up day last Wednesday. The only economic data released today was the wholesale inventories report for July, up 1.3%; economists had expected a more modest 0.4% increase.

My Sept iron condor has pretty well exhausted its time decay; both spreads are over four standard deviations OTM, so I have left the position open and plan to allow the spreads to expire worthless, barring a move on RUT that brings either spread to less than two standard deviations OTM. It should close for its maximum gain of $2,590 or 15% on 20 contracts.The Oct iron condor stands just above break-even at a P/L of +$120, delta = -$57 and theta = +$123.

Have a nice weekend.