Incidentally, just closed April $70 put at $0.80 for approx. 50% net profit.
45 million shares of MSFT had been dumped in the opening hour while the price had plunged more than 4%. MSFT average daily volume (30 EMA) is 45 million shares.
Will enter QQQ short on the next decline below 70 with stop at 70.12. Looking at April 70 put at approx. $0.48-$0.50.