Originally Posted by
gmanpsu
Selling cash-secured puts on companies one wants to own, compared to naked puts on the SPX (what Karen was doing), are two different animals.
I already made that distinction. There are many traders who would advise against buying companies that are down in "attractive" areas of price but YMMV.
I trade cash settled options and futures so always protecting the down side. You can get hurt badly in the market so I always advise people I don't know to be very careful.