Retail investor: I looked into portfolio secured puts & my broker's platform literally labels them "naked puts." NAKED. That word alone tells me everything.

Me: Ok. What does the word "secured" mean to you?
Retail investor: Money backing the promise. Which naked doesn't have... hence the name.
Me: Look at this chart. That's part of my collateral. $Q + $VOO + Elite companies... $Q alone did 28% over the past year, sitting in my account, sellable in 2 seconds, backing every single put I sell. Does that look naked to you?
Retail investor: I mean... it's not CASH though.
Me: It's better than cash. It's liquid, it compounds, & my ratios guarantee it covers every assignment even if this the market fell 50% in a week. The broker labels it "naked" because their system only has two buckets... cash parked, or not. There's no checkbox for "secured by a compounding base with ratios in check."
Retail investor: So the scary word is just... a software limitation?
Me: The scary word keeps people parking $100k in dead cash for no reason (cash secured puts) Truly naked selling is real & it wrecks people... that's promises with NOTHING behind them, oversized, no plan. But collateral that grows isn't naked.
Retail investor: I've been avoiding the better version over a label...
Me: The portfolio secured put wins again.