Condor Options

Indexes are looking short-term oversold tonight, and futures are up a bit after hours:

• Dow futures +36
• S&P futures +4.75
• Russell futures +1.80

Now, Goldman Sachs could show up tomorrow morning with some bad news, or with some mediocre news that people decide to dislike.  But you’ve got to wonder whether a lot of any potential bad news from the financials has already been priced in.  Probably not a great time to initiate any new shorts.