Markets opened higher this morning, but started sliding down hill in the afternoon to finish the day close to unchanged. SPX gained $2 to close at $1379.  RUT fared better, gaining $5 to close at $804. Trading volume was actually down a bit from yesterday with 3.1 billion shares of the S&P 500 trading. Trading volume was up 17% on the NYSE, but was down 4% on NASDAQ. Today was a slow day for economic news, but I would have expected options expiration to boost trading volume more than it did.

RUT appears to be trading sideways from $785 to $815. Similarly, SPX can't break out above $1390 and appears to have support at $1360.

RUT settled at $812.66, so the April iron condor position at 700/710 and 910/920 will expire worthless for a 16% gain. The May position stands at a P/L of +$220 with delta = +$40 and theta = +$60. Year to date, the S&P 500 is up 9.6%, so the overall market is doing much better than last year. But Flying With The Condor™ is up 22.2% year to date.

Enjoy your weekend.