FWIW, I put in offers to sell some '09 puts on financials again. Back in Aug. 07, I sold some on BAC and IAI (latter, broker/dealer etf, is very illiquid, sold jan08 40 put, and in panicky market got $2.5 for it). 2-6 weeks later closed them $.65 and .50 as market rebounded a bit and vol came...