[adios]

Excuse me for pointing out the obvious, shorting puts has a lot different risk profile than shorting calls. In fact shorting puts has more or less the same risk profile as doing covered calls. Hypothetical situation, say a stock is trading at $50 a share calls at the $50 strike price are selling for $2 and puts at the $50 strike price are $2. The downside to shorting the puts is $48 a share and the upside is $2 a share. For covered calls the upside is $2 a a share and downside is $48 a share.