QQQQ – Nasdaq ETF (Last:43.02)

I was a tad greedy on Friday in having you hold out for a few more measly cents when the March 39 puts trade as high as 0.57.  (Our short offer lay at 0.65.)  The selloff that sent the puts soaring may have marked fear’s apogee for a while, so I’ll suggest offering the put short for 0.45 now, good-till canceled.  We are already long one March 44 put with a cost basis that has been reduced to 0.23 by profit-taking.