My XLF 18 SEP put expired worthless on Friday after briefly touching in the money on Thursday.  I've opened a OCT $16 short put position for a credit of .31 per contract.  The IV was around 91%.  I'm also short some GE puts.  Last Tuesday or Wednesday (don't remember) when the IV skyrocketed to over 90%, it was just too much to pass up.  So I went short GE OCT 20 puts for a credit of .66.  GE never hit $20, but the following days, the IV continued to scream higher and the options were in the red.  Now the IV is slowly falling and GE is way up past 20 (26.28 at the time of this writing), they're nicely in the black.  I suspect these will expire worthless.  I still have my "free butterfly" on for MSFT.  I'd like MSFT to stay close to 27.  MSFT has not been participating in the big moves up until today when it announced a share buy back.  It's very curious as to why MSFT isn't making the big moves up with the market, so I'm not nearly as confident that it will be in my profit zone on expiration.  Can't win them all.  And finally, I probably should've closed the short 22.5 call I had on C when it crashed, but I didn't.  As a result, it's in the red at this point as C regained all of the losses last week and then some.