Morpheus is probably your best option. Be sure to get it done under local anesthesia with iv sedation so you can get a good results and it is painless. Don't try to get away with that worthless numbing cream only.
If purely excess skin at this point you may want to consider Vaser lipo revision with minibrachioplasty where the excess skin you're pulling on would get resected via a discrete armpit scar as opposed to traditional longitudinal scar.