Here is another short term trade that may signal this morning. When the Q's gap up on Monday morning 99% of the time they fill the gap within the week. If I remember correctly the one time they didn't fill during the week they did fill the gap the next week. At the moment the Q's are trading about .08 above the Friday high. If you are going to play this one with options you will need to let the market settle down before buying puts as the volatility will cause the spread to be too large right at the open. Since there is normally a .03 spread on Q options you might want to let this run and see if the Q's can trade up .15-.20 before buying puts. Keep in mind that this is a very strong market so keep position sizes small in case this just happens to be that 1%.