We got the jobs numbers today and they blew out expectations. The US created 287,000 versus the estimated 175,000. The unemployment rate ticked higher to 4.9%. The Dow is currently up over 200 points with this beat to the upside.
The markets have recovered nicely since the Brexit selloff but is nearing overbought levels. We will take this opportunity to form our condor positions as we have just one week until expiration.