MI, actually I have been very successful trading qqq puts this last month, thanks to you, Zeev, aj, jda, and a few others. Thanks to you all. The trick is to trade them and trade them often. I'll often buy in thirds or fourths if I miss a top, then sell as price goes back up. I'm holding a core position (for a few days at most <G>) usually, unless I think we're at a turning point (bottom).
the thing is, these things are worth nothing in reality, so you can't hold'em. They are strictly trading vehicles. I'm getting pretty jealous of jdaasoc, but I'm not sure I have the balls to write naked calls & puts yet.
Well, my $.0000002
darryl