### Comment:
Covered or not, you make money selling calls by collecting the premium (the cost of the option) and betting the option expires worthless to the buyer, right? 
  
 Same thing with selling puts. You collect the premium when you sell, and hope that the option expires worthless for the buyer. 
  
 You sell puts if you think the stock won't go down. You sell calls if you think the stock won't go up.

### REPLY:
If the market is bleeding why would I sell puts then? They would probably be executed...

### END.