I'm looking at selling put on some of them.
I think you should be looking at buying LEAP Calls on some of them! Or bull spreads on a group of them.
Take MMM 2011 Calls. Picking one at random without calculating the best strategy:
50 - 70 call spread will cost around $5.50 with profit of $14.50, that's almost a 1:3 risk reward for a return of SP to $10 less than the -2 line!

http://invest.kleinnet.com/bmw1/stats25/MMM.html

Heck sell the $40 2011 Put and you'll get a small credit and the entire upside for the risk of owning MMM at $39.

Just one example. I strongly recommend not tying up capital with puts unless you're using that money for long positions, but then I see the glass as half full.

Dean