Halloween is over but the Put options volume on QQQQ & XLE is crazy scary.

For QQQQ, there are nearly 800,000 Put contracts for November 17 strikes from $39 to $42 which beats the Call volume 2:1

http://finance.yahoo.com/q/op?s=QQQQ&m=2006-11 (scroll down and look at the Puts)
For XLE, there is nearly 110,000 Put contracts for Nov 17 strike at $53 which beats Calls 3:1.
http://finance.yahoo.com/q/op?s=XLE (scroll down and look at the Puts)
These are just crazy volumes on the Puts. Are people expecting a major downturn over the next 17 days in oil and tech?

I liquidated my XLE holding when I got called last month at $54 strike and I didn’t get back in the game because I had a bad feeling then about the over saturation in energy. What got me thinking there was over saturation? The old joke goes, “When your shoeshine kid starts giving you tips on a particular stock, it’s time to get out!” and that is exactly what happened. Co-workers all started to tell me how they were getting into energy funds to make big returns and I knew I needed to take a breather.