"Selling puts on margin? That's insane, you'll get wiped out."


No.
YOU'D get wiped out. Because you'd over leverage and panic.
Margin isn't the risk. A lack of discipline is.
I sell portfolio secured puts with my ratios always in check. The market could fall 60-70% and I could still cover every assignment. I'm rarely ever actually on margin.
A chainsaw is deadly in careless hands and a tool in skilled ones.
Don't blame the chainsaw because most people swing it with their eyes closed.
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