Selling naked Puts days before expiration

i dont think something 70% out of the money expiring in a few days is going to have enough premium to make it worth it. or even a few months for that matter. think about it as a % of what you collect vs how much money is tied up. For example if you sell 3 dollar puts for 30 cents. your collecting 10% on the money that is tied up. If your getting like 2 pennies on 3 dollars thats less than 1%. sure that could work but if your money is tied up for an extended period its probably not worth it.

Yeah this won't cover your commissions. and you won't profit because, as datemike stated, you're going to get about 1% on return for a ton of tied up money. 

Better off selling put spreads but you'll have to sell a strike prob within 3-5% of stock to even cover commissions day before expo. 

Also more importantly. Volume on strikes 10% OTM day before expo = no volume. even on AAPL (most traded options) 10% OTM = at most 50 contracts sold or something for day before expo

That's because ARNA is biomed and it actually really could move from $10 to $3. Biomed is very risky to sell naked options. I do not recommend.

Only sell naked puts on stocks that you would not mind being long.

In event that you do get put into the stock, it might as well be something you dont mind owning.

hehehe... you said "naked"....