Most all of our index puts are up 40% or better the first hour of trading today. So long as QQQ stays below 277 its pedal to the metal for the start of a new leg down with massive put gains prior to Oct 21st expiration. The next few days are critical to the "crash" case prior to Oct 21st. New trades starting next week will be going into Nov 18th monthly expiration, but for now, 17 days (to Oct 21st) is sufficient for trading this breakdown. Below, a new impulse pattern, just as bearish, unfolding with the intraday IWM model. Hold/Add to Oct 21st stock index puts: QQQ, IWM, SPY, IYR UVXY - Bullish above $12
