Frankly, as I suggested a week or two ago, I fear that option expiration will lead to delta hedging and precipitous decline as well as the breach of today's low (long before expiry, IMTO).
ajtj: It is not uncommon for QQQ to blow off MP in February is it? Really a low volume options month. What do you think the probability that the NDX rolls over from here and just goes hell bent for 1200 or the October lows? Ranch