Trade Idea: SPECULATIVE QQQ Puts

Based on the Quick Market Update with the QQQ intraday negative divergence, I like a quick, but speculative trade to the downside, perhaps a fade, perhaps a bit more.

However, even though I'd be treating this as a short term position unless additional information came to light, I'd want at least 2 weeks of expiration for elbow room. Every time I've violated this concept that has worked very well for me by going with something much closer in expiration, I've regretted it.

So I'm going to open a speculative QQQ, June 5th $111 put position and at smaller/speculative size.