QQQ - speaking of too much. Selling puts on the indexes has gotten WAY too easy. One of these days the market is going to open up the trap door on a day like today and wipe out a lot of people. There's barely a bid on puts below 424 and even 424 will only cost you $10 dollars right now. Essentially, the market is all in on the idea that support will hold today. I agree, but the actual probabilities are still way under priced.