We added QQQ puts on both the PRO Service (Mar $370P) and Premium Service (Mar $390P) on February 4th, for protection against a shorter-term decline. If it broadens into something bigger, going out to March expiration allows plenty of time for a decline to unfold. If not fully into either or both of these positions, now is the time. PRO Service Premium Service QQQ Daily Worst case potential to QQQ 550 over next few weeks.
