Bought QQQ PUT, May 18th Expiration and a $74 Strike

You may get some more upside, but remember upside is really only helpful if it has some momentum.

This is only a 1 min chart, but you may wish to watch some of these indicators across 105 min charts to judge momentum or see if any positive divergences pop up on a 1 min suggesting an intraday run  which would give you a better price on the puts. Also the NYSE intraday TICK is helpful.

The 1 min momentum is negative, RSI 6 is negative, MACD 26/52/9 looks as if it's going negative and Stochastics 50/3 is going negative.