The end is not near

FNM, FRE and LEH continue to get pounded today, even with some of the other financials doing relatively well. They are all pretty low right now, so I'm taking my puts to NLY (JUL 12.5 put, 40 @ 0.50), which are stuck in the same troubles as FNM and FRE, but it's just not as exposed. Looking at the wild number of options being traded, and heavy number of puts, I know one thing, and it isn't the stock is going down. It's that the options will be expensive, so even with just a week left until options expiration in July, I don't foresee me selling NLY at a loss. Probably will be gone tomorrow even if NLY doesn't move cuz i'm up 60% already, and thats damn good money in 3 hours of sitting there and watching the market. I probably shoulda just sold today to lock up profits and to take advantage of the implied volatility of the stock, but one more day couldn't hurt right?

Note that all of these stocks were down today, which actually was a decent up day for the market. What's gonna happen when the market takes a dump? I guess my puts will find out...