did not see anyone clarify this. a "naked" put has nothing to do with your intention of having cash set aside to take assignment or your available margin BP for a what if worse case scenario.

a naked put is simply a maneuver in which you are totally unhedged. all you do is one trade; STO and that is it. there is no protection against downside, hence the word naked. if you in fact you do sell it with a cash secured money market brokerage account, you still have no downside protection so your position is still naked.

the problem with naked puts is the premium has the potential to lure you in. sure you can start out with your cash secured hypothesis. but after a few months of pocketing that premium, it will seem pretty easy, especially with the kind of trend the market has had the last 4 years or so. next thing you know you are looking at higher beta equities with larger premiums.

but as OP started the thread, if utilized in the appropriate fashion, is nothing worse than a buy limit order at the price you want.