I’m not sure I agree that naked puts “risk your retirement account”. Several reasons;

1-They’re going to have to be cash secured. MAX loss is if you get assigned shares and the company goes to $0 and....
2-You shouldn’t write naked puts on anything you don’t want to own. If I can get 100 shares of a company I love and want more shares of, the cash used to secure the position will simply buy me 100 more shares at a lower cost basis. And then, I sit on my hands.

If it expires OTM, I keep the premium and repeat on the same great company I want more shares of.

You should never be able to write naked puts for more than the cash you have available. That being said if you have 350k in cash and you write a put on AMZN and you don’t want the shares, you maybe shouldn’t have done it in the first place.

I maintain that naked calls are much riskier. If you throw $350k down on an AMZN call gamble and it expires worthless, you took a dumb risk to being with (unless you have $350k you want to burn and it’s an inconsequential amount).

Now, the next part of the discussion is if writing cash covered puts is an efficient use of capital or not. I think not; which is why I tend to only write puts in my Margin account.