From the link:
Today, the QQQ puts put on the show. And an almost completely incredible show it was!
The drop in the Nasdaq (the composite would close down 87 points) began on the first five-minute bar (see charts below) and quickly became a bloodbath before leveling out in the usually mid-day to the close sideways chop. At the peak of the bloodbath, the gains in the weekly puts were astonishing and even with the leveling and sideways late in the day they remained spectacular.
For an extensive discussion and some "entertaining" charts:
