This last week, I tried to play some shorter term Puts on the Q's, but right now the market is very volatile, and I was stopped out each time. If you are going to go long or short, make sure you have tight stops.
Hopefully these next few weeks, the markets start to calm down and behave a little more sensibly, that way I can make trades that last longer than a day.
It's not quite time to go long, yet; though I've been surprised at the drop in oil. I think that has potential for a very nice bounce in the coming months.