Hi Brad. I see what you have in mind fading the steep decline in Deer.
I have been interested in cashing my puts for a long while. But the last trade for 89 puts was .46 at 10:08:39, forty five minutes ago. Since the stock has shown indications of a bottom reversal, but the bid/ask on puts has remained well above the last trade, so I haven't gotten any action on my asks.